This legislation also affects the reporting of:īusinesses subject to the Scientific Research and Development classification.īelow, we discuss the effects in more detail with examples. Service and Other Activities – 1.5% tax rate. Service and Other Activities ($1 million or greater in prior year) – 1.75% tax rate. The Service and Other Classification will have two separate lines on the tax return: Engrossed Substitute Senate Bill (ESSB) 6492 creates an additional business and occupation (B&O) tax rate under the Service and Other Activities classification in order to fund workforce education.Įffective April 1, 2020, the business and occupation (B&O) tax has two tax rates under the Service and Other Activities classification.
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