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  • Bensalem Business Privilege And Mercantile Tax Return

Get Bensalem Business Privilege And Mercantile Tax Return

For Information Call: 800.627.3491 Ext.4040 BUSINESS PRIVILEGE / MERCANTILE TAX RETURN Year: 2012 MUNICIPALITY: BENSALEM TOWNSHIP AND BENSALEM SCHOOL DISTRICT (2011 Final Return & 2012 Estimate).

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Residents of Bensalem Township are subject to a local tax rate of 1% on earned income beginning January 1, 2016. + Who is responsible for paying the tax? The individual taxpayer is responsible for paying the local earned income tax.

For many businesses, privilege tax may also be referred to as franchise tax. Franchise or privilege tax is a tax certain business owners have to pay to conduct business and operate in a state. Some states charge this tax for the privilege of doing business in a state.

Tax rates, penalties, & fees The current rates for the Business Income & Receipts Tax (BIRT) are 1.415 mills ($1.415 per $1,000) on gross receipts, and 5.99% on taxable net income. In 2019 the rate was 6.25% on taxable net income. The BIRT is based on both gross receipts and net income. Both parts must be filed.

The tax is imposed on any person who exercises the privilege of carrying on certain activities in the Taxing District and on any wholesale or retail vendor in goods, wares or merchandise, and is measured by receipts received or allocable to the Taxing District.

Businesses subject to the mercantile tax are required to pay a tax to Upper Merion Township each year equal to 1.5 mills (. 0015), or $1.50 for every $1,000 in gross receipts. In addition, each business must pay an annual $25 business license fee.

Corporate income tax is a tax on the net income of corporations. In most cases, only corporations are subject to this tax. Privilege taxes are imposed on businesses for the right to conduct business in a given state.

Real Estate taxes are collected by the tax collector of Bensalem, Mr. Michael Brill. The tax collector's office is located at 3750 Hulmeville Road, Bensalem, PA 19020. The phone number to contact the tax collector is 215-244-8840.

The Mercantile Tax (MT) is assessed on all retail and wholesale related business activities while the Business Privilege (BPT) is assessed on all other business activities. Both taxes are based on gross receipts and require businesses to register for a license.

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© Copyright 1997-2025
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3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232