5 Business Tax Alternative #1:
Flat Tax
• Projected Revenue: Approximately $6 million (includes rental); Effective July 1, 2023, Rolling Implementation
• Flat tax of $45 per employee or $15 per rental unit
• Business with gross receipts < $5,000 exempt
• Cap of $350,000
• CPI, with cap of 5%
• Subsidies for companies
Employee
Range
Subsidy per
Business
0-4 $ 30
5-9 75
10-19 100
20-49 200