The Metropolis of Seattle levies a tax on enterprise actions performed inside its jurisdiction. This levy relies on the gross earnings of the enterprise, with totally different charges relevant to numerous enterprise classifications. For instance, a retail enterprise would pay a specified share of its product sales income to town, whereas a service-based enterprise would pay a special share primarily based on its gross receipts.
This income stream is a major funding supply for municipal companies and applications. It helps important features resembling public security, infrastructure upkeep, and social companies. Its historic roots hint again to the necessity for municipalities to generate income independently to deal with native wants, evolving over time to its present construction and charge schedule. The tax is pivotal in sustaining town’s financial well being and making certain the supply of significant public companies for residents and companies.
