BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20080801T120000Z DTEND:20080801T133000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:MSI Chamber Legislative Committee Meeting DESCRIPTION:**Legislative Committee Meeting** Friday Aug 1st\, 8am in Chamber Office\, 149 E. Iredell Ave - Urgent meeting to make final push regarding Gross Reciepts Tax issue coming before TOM Board meeting on 8-4-08. We hope you will be able to attend. About the Gross Receipts TaxA privilege license is an excise tax\, levied on the privilege of conducting a trade or business in a city or county. Anyone conducting business in our city\, whether home-based or at another location\; sole proprietorship\, partnership\, LLC or corporation\; full time or part time\; regardless of size will pay on gross receipts\, not net. The term gross receipts shall mean all earnings\, receipts\, fees\, rentals\, commissions\, broker's charges and income whatsoever arising from or growing out of the conduct of the business. Fees vary depending on the type of business. Most businesses are charged a rate of $.60 per $1\,000. A minimum tax is $50. A new business would be required to give a good-faith 12 month estimate on what the business may do. Small businesses pay based on their sales while larger companies pay a larger amount for their sales/receipts. Cities have broad authority pursuant to NCGS 160A-211 to impose privilege license taxes on any business conducted inside the city\, except businesses limited or prohibited by the State Statute. The vote by the Mooresville Town Board on this gross receipts tax will take place on August 4\, 2008. X-ALT-DESC;FMTTYPE=text/html:

**Legislative Committee Meeting** \; Friday Aug 1^st\, 8am in Chamber Office\, 149 E. Iredell Ave \;- \; Urgent meeting to make final push regarding Gross Reciepts Tax issue coming before TOM Board meeting on 8-4-08. \; \;

We hope you will be able to attend. \;

About the Gross Receipts Tax

A privilege license is an excise tax\, levied on the privilege of conducting a trade or business in a city or county. \; Anyone conducting business in our city\, whether home-based or at another location\; sole proprietorship\, partnership\, LLC or corporation\; full time or part time\; regardless of size will pay on gross receipts\, not net.

The term gross receipts shall mean all earnings\, receipts\, fees\, rentals\, commissions\, broker&rsquo\;s charges and income whatsoever arising from or growing out of the conduct of the business. \; Fees vary depending on the type of business. \; Most businesses are charged a rate of $.60 per $1\,000. \; A minimum tax is $50.

A new business would be required to give a good-faith 12 month estimate on what the business may do. \; Small businesses pay based on their sales while larger companies pay a larger amount for their sales/receipts.

Cities have broad authority pursuant to NCGS 160A-211 to impose privilege license taxes on any business conducted inside the city\, except businesses limited or prohibited by the State Statute. \; The vote by the Mooresville Town Board on this gross receipts tax will take place on August 4\, 2008.

LOCATION:Mooresville-South Iredell Chamber of Commerce Office\, 149 E. Iredell Ave\, (Hwy 3) Mooresville UID:e.220.5529 SEQUENCE:3 DTSTAMP:20260412T095235Z URL:https://business.mooresvillenc.org/events/details/msi-chamber-legislative-committee-meeting-08-01-2008-5529 END:VEVENT END:VCALENDAR