WM releases gross receipts payoutsby jmaloni
Waste Management, parent company of CWM Chemical Services LLC in the Town of Porter, announced this week it has delivered $646,401 in gross receipt taxes to various local community partners.
Last year, the total payment was $455,256.
These payments are over and above property and school taxes paid by the hazardous waste treatment, storage and disposal facility. New York state requires a hazardous waste facility to charge 6 percent gross receipts tax on all hazardous waste landfilled.
"The gross receipt taxes from the site are divided into thirds," explained District Manager Michael Mahar. "One third goes to the Town of Porter, one third to the Town of Lewiston and one third is divided up between the Lewiston-Porter, Niagara Wheatfield and Wilson school districts based upon student population."
The amounts delivered were: $215,467 to the Town of Porter; $215,467 to the Town of Lewiston; $157,574 to the Lewiston-Porter School District; $45,141 to the Niagara-Wheatfield School District; and $12,752 to the Wilson Central School District.
The amount was determined by revenue generated by the Waste Management facility during 2011.