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