Research Library

Center for Public Finance



A Primer on Gross Receipts Taxes

A Primer on Gross Receipts Taxes.

At least four states are currently considering adopting a gross receipts tax (GRT) to replace their obsolete tax systems and improve revenues, yet Texas legislators have made attempts to repeal its franchise tax, a form of the GRT. Fellow Joyce Beebe explains the structure of the GRT and examines these seemingly conflicting trends in this issue brief.