# Municipal net profit tax

> Municipal net profit tax — A city income tax on a business's net profits, usually paired with a tax on wages earned in the city — Ohio municipalities, Philadelphia, Wilmington, Kansas City and St. Louis. Filed with the city, not the state.

Source: https://lopifi.com/glossary/municipal-net-profit-tax
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is municipal net profit tax?** In accounting, municipal net profit tax means a city income tax on a business's net profits, usually paired with a tax on wages earned in the city — Ohio municipalities, Philadelphia, Wilmington, Kansas City and St. Louis. Filed with the city, not the state.

## Also known as

- Net profits tax
- Earnings tax

## Words this system refuses for it

- state income tax
- gross receipts tax

- **Category:** Tax
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)