Purchasing a language school in Los Angeles 11 years ago, Paegelow soon found himself struggling to afford the city's gross receipts tax.
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A person with a $ 100-a-month gas and electric bill now pays about $ 5 a month for the gross receipts tax.
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The gross receipts tax is among the state's most debated levies, opposed by those who say it scares away businesses and hurts consumers.
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He said he was " very, very pleased " it included plans to promote high-tech job development and repeal the gross receipts tax.
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The Republican leader in the Assembly, John Faso, said the surplus should be used to repeal the state's gross receipts tax on energy.
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Under the deal, the state's gross receipts tax on energy would be eliminated for large manufacturers and reduced for small manufacturers and residential ratepayers.
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The bulk of the costs will be covered by an additional gross receipts tax on businesses that gross more than $ 3 million annually.
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Gill said a proposal by Pataki to phase out the state's gross receipts tax on utility revenues was favorable for Long Island electric customers.
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Under his plan, the gross receipts tax that hospitals pay would be eliminated, saving the state's 30 hospitals about $ 75 million a year.
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The Los Angeles gross receipts tax is only part of the problem, said Councilman Richard Alatorre, who heads the council's Budget and Finance Committee.
How to say gross receipts tax in Hindi and what is the meaning of gross receipts tax in Hindi? gross receipts tax Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
