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Poulsbo Council debates raising B&O exemption to ease burden on small firms as state updates tax categories
Summary
Finance staff recommended raising the city's B&O exemption to $125,000 to reduce compliance burden after the state expanded taxable categories; council discussed revenue tradeoffs and equity, and asked staff to return a drafted ordinance to the business agenda for decision.
Council discussed the state's updated model Business & Occupation (B&O) ordinance and a local policy choice Nov. 5, with staff recommending increasing the city—s small-business exemption to $125,000 for most filers to reduce administrative burden and confusion.
Finance staff explained the state model adds several categories as retail taxable items (information-technology subscriptions, website…
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