OrbitaxWashington Enacts Major Tax Reform Including Business and Occupation Tax Changes
|Approved Changes|United States
On 20 May 2025, the governor of the U.S. state of Washington signed a major tax reform package into law, including Bill HB 2021, which contains several changes to the Business and Occupation (B&O) tax on gross receipts. The main changes are summarized as follows:
- The various base B&O rates for extractors, manufacturers, retail and wholesale sales, etc. are increased to a uniform rate …
