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  1. 6 mar 2022 · Senate Bill 5873 has passed both houses of the legislature and will provide a reduction in the unemployment taxes on small business. The bill reduces the social tax component of unemployment taxes from 0.75% to 0.50%. In 2023, the maximum social tax is reduced from 0.80% to 0.70%.

  2. 9 mar 2022 · Revised for 1st Substitute: Providing substantial and permanent tax relief for small businesses to mitigate structural deficiencies in Washington's business and occupation tax and lessen long-term negative economic consequences of the pandemic that have disproportionately impacted small businesses. Revised for Engrossed: Providing substantial ...

  3. 1 kwi 2022 · By exempting firms with up to $125,000 in gross receipts from the Business & Occupations Tax (B&O), and expanding the Small Business Tax Credit to those enterprises earning nearly $250,000 annually, Senate Bill 5980 will provide welcome relief for some 276,000 small businesses.

  4. 1 mar 2022 · Senate Bill 5980 would eliminate the business and occupancy tax for businesses that make less than $125,000 in gross receipts.

  5. Exempts the business and occupation small business tax credit from the requirements of a tax preference performance statement, a Joint Legislative Audit and Review study, and an automatic expiration. The amendment passed by voice vote in the House on March 9, 2022

  6. 8 lut 2021 · Gov. Jay Inslee today signed legislation providing relief for businesses and workers impacted by the COVID-19 pandemic. SB 5061 will increase minimum unemployment benefits for workers and...

  7. 23 lut 2022 · The measures introduced this week include: Increased tax credit for small businesses: SB 5980 would provide more than 125,000 small businesses tax relief, roughly double the credit that small businesses are allowed to deduct for state business and occupation taxes.