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July 9, 2020
Seattle City Council Approves New Payroll Tax
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The Seattle City Council passes Council Bill. No. 119810, known as Jump Start Seattle.
Seattle businesses may soon be subject to a new tax on payroll. Earlier this week, the Seattle City Council passed Council Bill. No. 119810, known as Jump Start Seattle. The measure, which was approved by a veto-proof majority, now awaits action from Mayor Durkan. If enacted, the ordinance would impose a sliding rate tax on businesses with $7 million or more in annual payroll and would take effect January 1, 2021. The tax applies only to positions earning more than $150,000 a year.
<Read more> for an overview of the ordinance’s key provisions.