City of Seattle B&O Tax Deferment Information
City of Seattle
U.S. CITIzens and residents
The Department of Finance and Administrative Services (FAS) will defer business and occupation (B&O) tax collections for eligible business owners, allowing small business owners increased flexibility during a period of financial duress caused by the COVID-19 outbreak.
- Businesses will have until late 2020 to pay their B&O under this plan
- The City estimates that 20,000 businesses could be eligible for this, based on B&O reporting
- Annual taxable income of $5 million or less
- Currently pay City taxes on a quarterly basis