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Washington relies heavily on sales and business taxes, state overview shows
Summary
Committee staff told the Ways & Means Committee that Washington collected about $38 billion in taxes in fiscal 2023 and that sales and gross receipts taxes (including the B&O tax) account for roughly 60% of that total; staff contrasted Washington’s mix with income-tax states such as Oregon.
Jeff Mitchell, staff to the Ways & Means Committee, opened a January 20 work session with an overview of Washington’s tax structure and how the state compares with others.
"In fiscal year '23, Washington collected about $38,000,000,000 in taxes across all budgets," Mitchell said, and he noted that about 85% of those revenues support the operating budget. He said the state’s combined general sales and gross receipts taxes — primarily the retail sales tax and the business and occupation (B&O) tax — generated about $23 billion in fiscal 2023, or roughly 60% of total state receipts.
The presentati…
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