what are gross receipts 
gross receipts are sales of a business that form the basis for corporate taxation in a handful of individual states and certain local tax authorities the components of gross receipts vary by state and municipality understanding gross receiptsgross receipts means the total amount of all receipts in cash or property without adjustment for expenses or other deductible items unlike gross sales gross receipts capture anything that is not related to the normal business activity of an entity tax refunds donations interest and dividend income and others also gross receipts do not account for discounts or price adjustments some states and local tax jurisdictions impose taxes on gross receipts instead of corporate income tax or sales tax 1state examples of gross receiptstexas tax code section 171 103 defines gross receipts for a business as the sum of ohio revised code section 5751 01 defines gross receipts for the purposes of commercial activity tax cat as the total amount realized by a person without deduction for the cost of goods sold or other expenses incurred that contributes to the production of gross income of the person including the fair market value of any property and any services received and any debt transferred or forgiven as consideration 3 like the above definitions of gross receipts are given by other tax authorities that use them as a taxation basis for businesses detailed lists of exclusions to gross receipts are also provided 