Common use of Gross Receipts Tax Clause in Contracts

Gross Receipts Tax. In compliance with 00-00-000, MCA, Contractor will have 1% of his gross receipts withheld by DEQ from all payments due for Contracts over $5,000. Each subcontractor who performs work greater than $5,000 shall have 1% of its gross receipts withheld by Contractor. Contractor shall notify the Department of Revenue on the department’s prescribed forms.

Gross Receipts Tax. In compliance with 00-00-000, 000 MCA, Contractor Department will have withhold 1% of his gross receipts withheld by DEQ from all payments due Contractor for Contracts over $5,000. Each subcontractor Contractor is also required to withhold 1% of all payments due to its sub-contractors who performs perform work greater than $5,000 shall have 1% of its gross receipts withheld by Contractorunder this Contract. Contractor shall utilize the required forms and notify the Department of Revenue on of the department’s prescribed formsamount withheld.