The Metropolis of Seattle levies a tax on enterprise actions performed inside its jurisdiction. This levy is predicated 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 unique proportion based mostly on its gross receipts.
This income stream is a major funding supply for municipal providers and applications. It helps important features reminiscent of 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 the town’s financial well being and guaranteeing the availability of important public providers for residents and companies.
