Reduces tax rates and adjusts brackets for the combined net receipts tax.
Reduces tax rates and adjusts brackets for the combined net receipts tax. The tax is seven percent for combined net receipts not over $87,500, $6,125 plus 15 percent for amounts over $87,500 but not over $122,500, $11,375 plus 22 percent for amounts over $122,500 but not over $157,500, and $19,075 plus 30 percent for amounts over $157,500. Sports-themed tipboards are exempt from taxation. Effective July 1, 2025.
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