SEATTLE CITY COUNCIL
Legislation Text
600 Fourth Ave. 2nd Floor · Seattle, WA 98104
File #: CB 121317,Version: 1
The City of Seattle
Ordinance
Council Bill
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.
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