Legislation Details

Record No: CB 121317    Version: 1 Council Bill No: CB 121317
Type: Council Bill (CB) Status: In Committee
Current Controlling Legislative Body Select Budget Committee
On agenda:
Ordinance No:
Title: An ordinance relating to deductions from the payroll expense tax; extending an existing deduction for non-profit healthcare entities; and amending Section 5.38.045 of the Seattle Municipal Code.
Sponsors: Dan Strauss
Supporting documents: 1. Summary and Fiscal Note

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The City of Seattle

Ordinance

Council Bill

title

An ordinance relating to deductions from the payroll expense tax; extending an existing deduction for non-profit healthcare entities; and amending Section 5.38.045 of the Seattle Municipal Code.

body

Be it ordained by The City of Seattle as follows:

Section 1. Section 5.38.045 of the Seattle Municipal Code, last amended by Ordinance 126944, is amended as follows:

5.38.045 Deductions from the payroll expense tax

For the period from January 1, 2021, through December 31, ((2026)) 2040, taxpayers that are non-profit healthcare entities may deduct from the measure of the tax the payroll expense of employees with annual compensation of $150,000 to $399,999.99.

 

This ordinance shall take effect as provided by Seattle Municipal Code Sections 1.04.020 and 1.04.070.

Passed by the City Council and signed in open session in authentication of its passage on .

 

                     President  of the City Council

 on .


                     Katie B. Wilson, Mayor

Attested on .

 

                     Lenné Dedman, City Clerk

Seal