Cheney Free Press -

By SEAN HARDING
Contributor 

Lawmakers propose lowering B&O tax for some rural manufacturers

B&O rate for printers of materials other than newspapers would be lower through 2056

 

Last updated 2/7/2019 at 5:12pm



A bipartisan bill introduced in the Rural Development, Agriculture & Natural Resources Committee would reduce the business and occupation tax for manufacturers and publishers of printed materials and periodicals, excluding newspapers. It would also extend the preferential B&O tax rate for timber and woods products.

The B&O tax is Washington state’s major business tax, according to committee documents. The tax is imposed against a company’s gross income and does not deduct the cost of doing business.

“As folks know … the drawbacks to expanding our rural economy is just access to capi...



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