The sale of real or personal property in exchange for a tangible or intangible consideration. Performance of a service for a fee except services rendered as an employee or services rendered as the director of a corporation. Return to top 3. Adjusted gross receipts means apportioned gross receipts from the business activity plus a capital acquisition deduction recapture. Gross receipts include all receipts derived from a business activity including rental and lease receipts.
Special circumstances apply for controlled groups.
Return to top 4. If you are a member of an affiliated group, a controlled group of corporations or an entity under common control, the group must sum its members' adjusted gross receipts to determine if members of the group are required to file. Return to top 5. If your adjusted gross receipts are below the filing requirement, you are not legally required to file a return. If you are registered for SBT, you may prefer to notify us officially that you do not have a liability to prevent inquiries by the Department.