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Kent council agrees to adjust B&O tax rate for corporations with more than $100 million in revenue
2115281 · January 16, 2025
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Summary
City staff reported the Kent City Council agreed to adjust the Business and Occupation (B&O) tax rate for large corporations with revenue above $100,000,000; the transcript did not include vote tallies or ordinance details.
City staff reported that the Kent City Council agreed to adjust the city’s Business and Occupation (B&O) tax rate for corporations with annual revenue above $100,000,000.
The staff member said the additional income from the change "will allow us to…
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