Ordinance 3711-19 - Laserfiche WebLink

"boarding homes."To qualify for the deduction, the boarding home must meet the definition of "boarding home" and be licensed by the state of Washington under Chapter 18.20 RCW.The deduction shall be in the amount of twenty-five percent of the gross monthly billing when the boarder has resided within the boarding home for longer than thirty days. 6. Radio and Television Broadcasting—Advertising Agency Fees—National, Regional, and Network Advertising—Interstate Allocations. In computing tax,there may be deducted from the measure of tax by radio and television broadcasters amounts representing the following: a. Advertising agencies' fees when such fees or allowances are shown as a discount or price reduction in the billing or that the billing is on a net basis, i.e., less the discount; b. Actual gross receipts from national network and regional advertising or a "standard deduction" as provided by RCW 82.04.280; and c. Local advertising revenue that represents advertising which is intended to reach potential customers of the advertiser who are located outside the state of Washington.The director may issue a rule that provides detailed guidance as to how these deductions are to be calculated. 7. Constitutional Prohibitions. In computing tax,there may be deducted from the measure of the tax amounts derived from business which the city is prohibited from taxing under the Constitution of the state of Washington or the Constitution of the United States. 8. Receipts from the Sale of Tangible Personal Property and Retail Services Delivered Outside the City but Within Washington. Effective January 1, 2008, amounts included in the gross receipts reported on the tax return derived from the sale of tangible personal property delivered to the buyer or the buyer's representative outside the city but within the state of Washington may be deducted from the measure of tax under the retailing, retail services, or wholesaling classification. 9. Professional Employer Services. In computing the tax, a professional employer organization may deduct from the calculation of gross income the gross income of the business derived from performing professional employer services that is equal to the portion of the fee charged to a client that represents the actual cost of wages and salaries, benefits, workers' compensation, payroll taxes, withholding, or other assessments paid to or on behalf of a covered employee by the professional employer organization under a professional employer agreement. 10. Interest on Investments or Loans Secured by Mortgages or Deeds of Trust. In computing tax,to the extent permitted by Chapter 82.14A RCW,there may be deducted from the measure of tax by those engaged in banking, loan, security or other financial businesses amounts derived from interest received on investments or loans primarily secured by first mortgages or trust deeds on non-transient residential properties. 3.24.105 New job tax credit. A. Purpose.The city believes that providing a tax credit relating to a business's growth or relocation into the city is a meaningful method of attracting and retaining such businesses. Further, the city finds that a credit related to the creation of fifty new full-time employment positions within four consecutive N. ms 2019 ORDINANCE: Business and Occupation Tax Page 35 of 40