Municipal Net Profit Tax

FAQ's

How long am I bound by an election to opt-in?

The election to opt-in is binding for one tax year at a time.  However, the election will automatically renew unless the taxpayer notifies the Department and the municipal corporations in which it is subject to tax that it is terminating the election.  The taxpayer must terminate the election by the first day of the third month of the taxpayer’s taxable year. 

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