Photo Credit: City of Bellevue
The Bellevue Chamber of Commerce recently shared a helpful breakdown of Seattle’s proposed business tax changes and what that could mean for companies in the region. Here’s a look at how Seattle’s plan compares to Bellevue’s approach.
As Seattle leaders consider big changes to the city’s Business & Occupation (B&O) tax, people are starting to compare it to nearby cities like Bellevue—especially in how each city supports local businesses.
In June, Seattle officials announced a new plan called the Seattle Shield Initiative. It would raise the amount a business can earn before paying the B&O tax from $100,000 to $2 million removing the tax