This bill:
- Eliminates the Workforce Education Investment Surcharge on “specified persons” imposed under E2SHB 2158 retroactively to January 1, 2020.
- Creates a higher (1.75%) tax rate for businesses (and affiliated groups) with $1 million or more of taxable income subject to the Service and Other Activities classification.
- Amends the advanced computing surcharge previously imposed under RCW 82.04.299(2) to equal 1.22% of a select advanced computing business's gross income subject to service and other activities business and occupation tax, beginning April 1, 2020.
- Eliminates the $4 million minimum advanced computing surcharge and increases the maximum combined advanced computing surcharge for any affiliated group from $7 million to $9 million.
Effective April 1, 2020 (ESSB 6492, Chapter 2, Laws of 2020)
Workforce Education – Service and Other Activities Rate Changes
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