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gross receipts n pl: the total amount of value in money or other consideration received by a taxpayer in a given period for goods sold or services performed
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
gross receipts
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gross receipts — ➔ receipt1 * * * gross receipts UK US noun [plural] FINANCE, ACCOUNTING, COMMERCE ► the profits from particular sales before any costs or taxes have been paid: »Moviegoers bought $2.19 billion of tickets this summer, down slightly from last… … Financial and business terms
Gross receipts — Gross Gross, a. [Compar. {Grosser}; superl. {Grossest}.] [F. gros, L. grossus, perh. fr. L. crassus thick, dense, fat, E. crass, cf. Skr. grathita tied together, wound up, hardened. Cf. {Engross}, {Grocer}, {Grogram}.] 1. Great; large; bulky;… … The Collaborative International Dictionary of English
gross receipts — gross receipts, receipts before any deductions for expenses have been made … Useful english dictionary
Gross Receipts — A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns and allowances, cost of goods sold or any other deductible expenses. Gross… … Investment dictionary
gross receipts — The entire earnings of a business without deduction; the total as opposed to the net. Greene County Bldg. & Loan Asso. v Milner Hotels, Inc. 240 Mo App 1048, 227 SW2d 111. For the purpose of a sales tax:–the proceeds of sales of personal property … Ballentine's law dictionary
Gross receipts — Receipt Re*ceipt (r[ e]*s[=e]t ), n. [OE. receite, OF. recete, recepte, F. recette, fr. L. recipere, receptum, to receive. See {Receive}.] 1. The act of receiving; reception. At the receipt of your letter. Shak. [1913 Webster] 2. Reception, as an … The Collaborative International Dictionary of English
Gross receipts tax — A gross receipts tax, sometimes referred to as a gross excise tax, is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax, but it is levied on the seller of goods or services… … Wikipedia
gross receipts — The total amount of money received by a business in a specified period before any deductions for costs, raw materials, taxation, etc. Compare net receipts … Big dictionary of business and management
gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income … Black's law dictionary
gross receipts — The total amount of money or the value of other considerations received from selling property or from performing services. New Mexico Enterprises, Inc. v. Bureau of Revenue, App., 86 N.M. 799, 528 P.2d 212, 213. See also gross income … Black's law dictionary
