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Showing posts with label Tacoma B&O Tax. Show all posts
Showing posts with label Tacoma B&O Tax. Show all posts
Friday, May 22, 2015
City of Tacoma Offers Tax Amnesty Program
Registered and unregistered businesses in Tacoma can – from June 1, 2015 – June 30, 2015 – apply for this one-time program.
It waives penalties and interest on local City of Tacoma business tax and license fees that were due April 30, 2015 or prior, to include:
• Business and Occupation Taxes
• Private Utility Taxes (Telephone, Cellular, Cable, Solid Waste, Natural Gas, Electricity)
• Admissions Taxes
• Gambling Taxes
• Annual Business License Fees
• Regulatory License Fees
• Unreported Liabilities (excluding those that are a part of a bankruptcy proceeding where payment of business taxes or license fees would violate federal bankruptcy laws and civil penalties that have been sent to the City’s collection agency)
The program also waives 50 percent of civil penalties (excluding civil penalties that have been sent to the City’s collection agency).
The payment deadline is July 31, 2015.
Unregistered Businesses
For unregistered businesses, the “look-back” period is limited to four years in addition to the current year. By June 30, 2015, they must submit a completed Application for Registration and Business or Rental Business License. By July 31, 2015, they must pay all unreported tax and license fees due for 2011 through 2015 and 50 percent of any civil penalties due on their account. They must also submit any supplemental information required for regulatory licenses. Lastly, they must waive their right to seek a refund or challenge the amount of taxes paid under the program.
Registered Businesses
By July 31, 2015, registered businesses must pay all tax and license fees due, as well as 50 percent of any civil penalties due. They must also submit any supplemental information required for regulatory licenses and file and pay all tax returns on time during the amnesty period. This includes tax returns due May 31, 2015, June 30, 2015 and July 31, 2015. Lastly, they must waive their right to seek a refund or challenge the amount of taxes paid under the program.
More information is available at PayMyTacomaTax.org. Phone calls can be directed to 311 within Tacoma or (253) 591-5200 from anywhere else. Emails can be directed to TacomaAmnesty@cityoftacoma.org
Tuesday, June 25, 2013
Auto Dealers Seek to Cleanup Tacoma’s ‘Lost Highway’
Today Mary Byrne, General Manager of Tacoma’s Bruce Titus and the first woman President of the Washington State Auto Dealers Association, presented to the Tacoma City Council Economic Development Committee, providing an overview of the economic impact Tacoma auto dealerships have on the community as well as how the City can work with dealers toward improving South Tacoma’s Auto Row, creating an improved shopping experience for car buyers.
Tacoma auto dealers, both new and used, make significant financial contributions to the City. In 2011 and 2012 alone, dealers paid just under $10.5 million in sales and B&O taxes, roughly 2.5% of the City’s biennium General Fund budget. Furthermore, Tacoma’s 19 new car dealers employ an average of 56 employees each (1,064 total employees in Tacoma) with an average salary of $49,500. This totals an annual payroll of over $2.7 million per new car dealer. Auto dealers also make substantial philanthropic donations to Tacoma’s community of over $500,000 each year.
Additionally, Byrne identified the following key issues facing Tacoma’s auto dealers: vehicles often parked on the sidewalk of South Tacoma Way; painting of the right-of-way; difficult sign code; illegal activities in the area; and the overall streetscape appearance of Tacoma’s Auto Row. Byrne noted that auto dealers seek to work with the City toward solving these issues and improving the area.
Byrne also suggested the difficulty in getting new car buyers to South Tacoma Way, or Tacoma’s ‘Lost Highway.’ South Tacoma Way has a long history serving Tacoma’s auto dealers. However, improved wayfinding signs that direct people to Tacoma’s Auto Row could be utilized to help promote Tacoma as a regional auto buying hub.
Lastly, Byrne described how comparative tax rates affect Tacoma auto dealers. For instance, Tacoma’s B&O tax make nearby cities, such as Fife and Puyallup, more attractive to conduct business. Similarly, sales tax increases, even at a minor three tenths of a percent, puts Tacoma auto dealers at an enormous competitive disadvantage to surrounding cities, such as Roy, and states, such as Oregon.
Auto dealers are an important part of Tacoma’s economic and community development, and provide Tacoma with jobs, revenue, and philanthropy that make Tacoma a better place to live, work, and play.
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