Ordinance 3849-21 - Laserfiche WebLink

EVERETT WASHINGTON ORDINANCE NO. 3849-21 An Ordinance Extending the Special Business and Occupation Tax Rate for Manufacturers,Amending Section 1 of Ordinance 3711-19. WHEREAS, A. Businesses in all reporting classifications in the City of Everett provide valuable family wage jobs and represent an important economic engine for our community. B. The base Business and Occupation gross receipts tax rate in the City of Everett is 0.001. C. In 2006, the City enacted a Business and Occupation tax rate of 0.00025 for manufacturers on gross receipts over$6 billion. D. On January 1, 2010,the threshold over which the tax rate is reduced to 0.00025 was increased to $7 billion. E. On January 1, 2016,the threshold over which the tax rate is reduced to 0.00025 was increased to $8 billion. F. Beginning January 1, 2024,the special tax rate for manufacturers on gross receipts over$8 billion is scheduled to expire—after which the Business and Occupation tax rate for manufacturers will be 0.001 on all gross receipts. G. Extending the special tax rate beyond January 1, 2024, to all reporting classifications will encourage business retention and assist in the economic recovery from the pandemic. NOW,THEREFORE,THE CITY OF EVERETT DOES ORDAIN: Section 1. Subsection 3.24.050 of Section 1 of Ordinance 3711-19 (codified at EMC 3.24.050) is amended as follows,with underlined text added and strike-out text deleted: 3.24.050 Imposition of the tax—Tax or fee levied. A. Except as provided in subsection B of this section,there is hereby levied upon and shall be collected from every person a tax for the act or privilege of engaging in business activities within the city,whether the person's office or place of business be within or without the city.The tax shall be in amounts to be determined by application of rates against gross proceeds of sale,gross income of business, or value of products, including byproducts, as the case may be, as follows: