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The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
The Washington State Department of Commerce is a state agency in Washington. Based in the state's capitol, Olympia, Washington , the agency is responsible for community and economic development. The agency manages several boards and commissions with a focus on businesses, local governments, tribes, and community-based organizations.
Prior to the passage of the capital gains tax, Washington State had the most regressive tax system of any state in the US. [9] The wealthiest 1% paid just 3% of their income in state taxes, while the poorest 20% paid 17.8%. [10] Advocates had long proposed a capital gains tax in order to help reduce this gap.
Geographic Information Council, Washington State (WAGIC) Geographic Names, Washington State Board on (WBGN) Governor, Office of the (GOVERNOR) Governor's Office of Indian Affairs (GOIA) Grain Commission (WGC) Growth Management Hearings Boards (GMBH) Hardwoods Commission (WHC) Health Care Authority, Washington State (HCA) Health Care Facilities ...
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
Tax preparation may also be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Because United States income tax laws are considered to be complicated, many taxpayers seek outside assistance with taxes (53.5% of individual tax returns in 2016 were ...
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