US EditionSeattle Mayor Unveils Plan for B&O Tax Overhaul Aimed at Protecting ...
- On June 26, 2025, Seattle’s mayor together with Councilmember Alexis Mercedes Rinck unveiled a plan to modify the city’s Business and Occupation tax structure.
- The proposal responds to a $251 million budget deficit and federal funding cuts from the Trump administration, aiming to balance relief for small businesses and higher taxes for larger ones.
- It would raise the B&O tax exemption from $100,000 to $2 million, exempting about 76% of businesses, while increasing rates from 22 to 34 cents per $100 for retail and from 43 to 65 cents for services.
- Officials estimate 90% of businesses would pay less, the plan would generate $90 million annually, and Harrell said it will protect city investments from federal threats while supporting 90% of local businesses.
- The City Council must approve the plan before an expected November 2025 vote, with supporters citing economic necessity and opponents calling it rushed and harmful amid economic uncertainties.
Insights by Ground AI
Does this summary seem wrong?
11 Articles
11 Articles
All
Left
2
Center
4
Right
1
How Seattle could raise more money by lowering most business taxes
Seattle leaders want to give the city’s business tax system a makeover. Wealthy companies like Amazon could end up paying more and small businesses, like restaurants, could end up paying nothing.
·Seattle, United States
Read Full Article
Coverage Details
Total News Sources11
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
To view factuality data please Upgrade to Premium
