L188 contractor 2026

1. Click ‘Get Form’ to open the l188 contractor in the editor.
2. Enter the total gross receipts for your business activities in the City of Los Angeles in Line 1. This figure is crucial as it will be used for tax calculations.
3. In Line 2, subtract $60,000 from Line 1. If your total gross receipts are $60,000 or less, enter the minimum tax amount of $153.00 in Col. H of the Business Tax Renewal Form and skip Lines 3 through 7.
4. If your gross receipts exceed $60,000, proceed to complete Lines 3 through 7. For Line 3, input the applicable tax rate amount for L188.
5. For Line 4, round up the result from Line 2 to the next highest $1,000 and enter this value.
6. Multiply the rounded amount from Line 4 by the tax rate from Line 3 and enter this result in Line 5 and Col. G if applicable.
7. Finally, add the results from Lines 5 and 6 for your total tax due and enter this in Col. F of the Business Tax Renewal Form adjacent to Fund Class Code L188.

Start using our platform today to streamline your form completion process effortlessly!