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Into four tiers theres a zero to one million and its exempt and 2 had the to million and above. So businesses will be taxed at the progressive tier so if youre a business that has 3 million in revenue your first million is not taxes your million to 2. 5 million is talked at the 2 to 2. 5 million taxable followup u amount eaten the last 500,000 will be taxed. So heres an example i mean chris has provided a good example so one million will be taxed . One million taxed the 1 tier rate did i misquote that i miss stoke so once you reach over one million that first million is taxable. So correction....

Payroll there will be a new business fee and then two 15 the set Business Register fee will be under two schedules so businesses in schedule one yes. I have is question. Is there any you type of outreach thats going to be done there will be and at this time, the Controllers Office is working on are developing plans for this and our outreach will happen after we go after june or july of 2013 because theyre still developing things like the tax credits and how that will be applied. Who you get into some of the larger entities theres bigger structures and that needs to be careful communicated so t...

Complicated one and fin facts but they write articles about this great job. Next item please. Commissioners item 8 discussion on proposition e this is a discussion item so commissioners weve been fielding questions through our office and other business organs of wanting a review about prop e i thought today would be a good time to go over some basics. If theres any concerns, whats ahead because im sure youll be fielding some questions as well. And while there is a good deal of work happening in the background like the transition of the different payroll tax incentiv incentives. The tax and Tre...

The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first million is at the 5 hundred thousand is taxable at the 1 point percent tax rate. Commissioner. What about the businesses that are a combination of the manufacturing and other businesses structure. Right so going back to i think i think this is where we need to work this out. Were not going out and educating businesses right now. The likelihood youll by looking at the bigger side of ou...

Theres one package of information going out. So the tax and Treasurers Office have additional staffing for that commissioner reeling. So of a Small Business the gross receipt is less than 1 million its exemption. Right the first million is not exemption so if you will look at page 2. The whole 2 million is taxable yeah, but its at a different taxable rate. So if you look at that page once you reach over a million that million is a taxable minimum so for schedule one 1. 75 percent of the first million is at the 5 hundred thousand is taxable at the 1 point percent tax rate. Commissioner. What ab...