Gross annual receipts definition

Gross annual receipts means the total amount derived from residential contracting or residential remodeling activities, regardless of where the activities are performed, and must not be reduced by costs of goods sold, expenses, losses, or any other amount.
Gross annual receipts means “total income” (or in the case of a sole proprietorship, “gross income”) of a Person, plus “costs of goods sold” by a Person (the foregoing quoted terms are defined and reported on Internal Revenue Service tax return forms). The term does not include net capital gains or losses; taxes collected for and remitted to a taxing authority, if such taxes were included in gross or total income, such as sales or other taxes collected from customers and excluding taxes levied on the Person or its employees; proceeds from transactions between such Person and its domestic or foreign affiliates; and amounts collected for another Person by a travel agent, real estate agent, advertising agent, conference management service provider, freight forwarder or customs broker. The only exclusions from the foregoing are those specifically provided for in this definition; all other items, such as subcontractor costs, reimbursements for purchases a contractor makes at a customer’s request, and employee based costs such as payroll taxes, shall be included in the foregoing.
Gross annual receipts means the total amount of money received during the most recent one- year accounting period for the sale of food and alcoholic beverages, not including the amount received for taxes and gratuities in conjunction with sales or charges for entertainment or other services. Gross annual receipts are subject to audit and examination under§ 25-802.

Examples of Gross annual receipts in a sentence

  • Gross annual receipts, as used in the size standards, include all revenue received or accrued by your company from all sources, regardless of the form of the revenue and not solely receipts from licensed activities.

  • Gross annual receipts means all revenue in whatever form received or accrued from whatever sources—not solely receipts from licensed activities.

  • Gross annual receipts: If applicant has more than one operation or sells alcoholic beverages for on and off premises consumption at same location, provide breakdown of receipts by operation: Bar/LoungeRestaurantBanquetRetail SalesOtherFOOD$ $ $ $ $ ALCOHOL$ $ $ $ $ OTHER (describe)$ $ $ $ $ 9.

  • Gross annual receipts as used in the size standards includes all revenue in whatever form received or accrued from whatever sources, not solely receipts from licensed activities.

  • Gross annual receipts shall mean any and all compensation and other consideration in any form whatever and any contributing grant or subsidy received directly or indirectly by a grantee from subscribers or users in payment for any and all cable services in the community (including all forms of consideration, such as initial lump sum payments).


More Definitions of Gross annual receipts

Gross annual receipts means all revenue derived directly or indirectly by the grantee, its affiliates, subsidiaries, parents, and any company in which the grantee has a financial interest, from or in connection with the operation of the cable TV system pursuant to this chapter; including gross annual basic subscriber receipts, converter rentals and all other receipts related to the operation of this franchise except: Pay TV or premium channels, gross annual advertising receipts, gross annual lease receipts, installation and reconnection fees, converter sales, studio rental, and production equipment and personnel fees; provided, however, that "Gross Annual Receipts", shall not include any taxes on services furnished by the grantee herein, imposed directly upon any subscriber or user by the state, city or other governmental entity and collected by the grantee on behalf of said governmental unit.
Gross annual receipts means all revenue received directly by the Grantee and its subsidiaries, from or in connection with the operation of the Cable Television System pursuant to this Ordinance; including, but not limited to, gross annual basic cable service receipts, gross annual premium channels receipts, all other service receipts, gross annual receipts from use of commercial channels, installation and reconnection fees, and converter and other equipment rentals; provided, however, that this shall not include any franchise fees or taxes on services furnished by the Grantee herein, imposed directly upon any subscriber or user by the state, City or other governmental entity and collected by the Grantee on behalf of said governmental unit.
Gross annual receipts means all revenue derived directly by the Grantee and its subsidiaries, from or in connection with the operation of the Cable TV system within unincorporated areas of the County; including the following: gross annual basic cable service receipts, gross annual premium channels receipts, all other service receipts, gross annual receipts from use of commercial channels, installation and reconnection fees, and converter and other equipment rentals; provided, however, that this shall not include any fees or taxes imposed by governmental authorities or copyright fees which arise from Grantee's operation of the cable television system.
Gross annual receipts means any and all compensation and other consideration in any form whatever, including installation and line-extension charges, and any contributing grant or subsidy received directly or indirectly by a grantee from subscribers or users in payment for television or FM radio signals or service received within the city.
Gross annual receipts means the basis for payments due the City under the terms of this Agreement, which is the gross operating revenues received by NPG from the sale of electricity to NPG’s customers with points of service within the corporate limits of the City which are or would be credited under a uniform system of accounts approved pursuant to California law, less any uncollectible amounts and less any refunds or rebates by NPG to such customers pursuant to California Public Utilities Commission decisions or orders or decision or orders of the Imperial Irrigation District.
Gross annual receipts for the purpose of the calculation of the Franchise Fee, shall mean any and all revenues of any kind or nature including, without limitation, cash, credits, property and in-kind contributions received directly or indirectly by Grantee or its affiliated entities from any source whatsoever arising from, attributable to or in any way derived from the provision of Cable Service within the Borough. Gross Annual Receipts will include the following: Basic Service fee, fees charged to subscribers for any programming service other than Basic Service; fees charged to subscribers for any optional, per-channel or per- program service; installation, additional outlets, relocation, disconnection, reconnection and change-in-service fees; fees for control devices and antennas; fees for any and all music services. Gross Annual Receipts will not include revenues associated with internet or cable modem services, data transmission services, and/or interactive services bad debts or any taxes on services furnished by Grantee and imposed directly upon any subscriber or user by the Borough, state, federal or other governmental unit. If changes to federal or Pennsylvania law occur during the term of this Agreement, which would affect the definition of “Gross Annual Receipts”, then the Borough and Grantee shall meet and mutually agree to an amendment of this Agreement.
Gross annual receipts means all revenue, as determined in accordance with generally accepted accounting principles, which is received, directly or indirectly, by Company from or in connection with the sale, operation or distribution of water. Revenue shall not include: income received from the sale of merchandise; investment or interest income; bad debt write-offs or bad check collection fees or re-deposited checks.