The Metropolis of Seattle levies a tax on enterprise actions carried out inside its jurisdiction. This levy is predicated on the gross earnings of the enterprise, with totally different charges relevant to varied enterprise classifications. For instance, a retail enterprise would pay a specified proportion of its product sales income to town, whereas a service-based enterprise would pay a distinct proportion based mostly on its gross receipts.
This income stream is a major funding supply for municipal providers and packages. It helps important capabilities corresponding to public security, infrastructure upkeep, and social providers. 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 price schedule. The tax is pivotal in sustaining town’s financial well being and making certain the supply of significant public providers for residents and companies.
