The Metropolis of Seattle levies a tax on enterprise actions performed inside its jurisdiction. This levy relies on the gross revenue of the enterprise, with completely different charges relevant to varied enterprise classifications. For example, a retail enterprise would pay a specified share of its product sales income to the town, whereas a service-based enterprise would pay a unique share primarily based on its gross receipts.
This income stream is a major funding supply for municipal companies and packages. It helps important features equivalent 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 supply of significant public companies for residents and companies.
