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 varied 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 based mostly on its gross receipts.
This income stream is a big funding supply for municipal companies and applications. It helps important features similar to 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 charge schedule. The tax is pivotal in sustaining the town’s financial well being and guaranteeing the availability of important public companies for residents and companies.
