Seattle proposes a B&O tax reduction from 2026-2029 to aid small businesses and offset deficit amid Trump-era funding threats. Large businesses could see a tax hike.

(The Center Square) – A new proposal from Seattle Mayor Bruce Harrell and City Councilmember Alexis Mercedes Rinck intends to provide relief to small businesses, with 90% of Seattle businesses ...

The proposal, as described, will raise the B&O tax threshold exemption from $100,000 to $2 million in gross revenue and create a new B&O deduction up to $2 million. The Mayor’s Office suggests ...

Seattle Mayor Bruce Harrell and City Councilmember Alexis Mercedes Rinck today announced a plan for temporarily cutting B&O taxes for small- and medium-sized businesses while raising taxes on the ...

The proposal has to first be approved by the Seattle City Council and then face city voters in the upcoming November general election. The change to the B&O tax would go into effect from 2026 ...