Saturday, December 13, 2008

B&O Tax Increase

Speaking of businesses, Ruston is set to raise their B&O tax rate on Monday night. I didn't have time to scan the full ordinance, but the rate increases are:
  • Extractor: was 0.048, now 0.11
  • Manufacturer: was 0.048, now 0.11
  • Wholesale Sales: was 0.048, now 0.102
  • Retail Sales: was 0.047, now 0.153
  • Printing: was 0.15, now 0.20
  • All others: was 0.15, now 0.20

Most of Ruston's businesses are small, in-home enterprises. If you know anyone with a local businesses, please let them know Monday's council meeting will be their only time to address the council before they vote on this tax increase.

1 comment:

Anonymous said...

For comparison sake, here's a link to Tacoma's rates:
http://www.cityoftacoma.org/Page.aspx?nid=496

First question: Are the decimal places off, as reported?

Compare retail rates: 0.153 vs. 0.004. 38.25 times higher in Ruston. Really?