HomeMy WebLinkAbout2017-12-13 Press Release_Notice RE Tax License Changes eff 1.1.18
BUSINESS LICENSE & TAX DIVISION
250 Madison Street, Suite 1
Port Townsend, Washington 98368
Phone: 360-385-2700 Fax: 360-379-4440
FOR IMMEDIATE RELEASE: Wednesday December 13, 2017
CITY OF PORT TOWNSEND IS ANNOUNCING POSITIVE CHANGES TO B&O TAX & LICENSE
REGULATIONS EFFECTIVE JANUARY 1, 2018.
The City of Port Townsend City Council has adopted changes to PTMC 5.04A, 5.04B and 5.08. These positive
changes for small businesses take effect on January 1, 2018. ALL businesses operating in the city of Port Townsend
are impacted by these regulation changes.
If your business does not generate taxable gross receipts of at least $100,000 in the calendar year, you do not owe
tax and are not required to file a return for 2018 activity and beyond. In order to allow the city to keep providing
you the same level of service, your annual business license fees will increase as follows:
Businesses Reporting Gross Receipts equal to or more than $100,000 $75 per year
Businesses Reporting Gross Receipts equal to or more than $20,000 & $75 per year
less than $100,000
Businesses Reporting Gross Receipts less than $20,000 $30 per year
st
Because the State Department of Revenue is not able to make the changes to its licensing portal by January 1, the
city will handle your license renewals & additions as follows until their site is updated:
1. The State of Washington Business Licensing System (BLS) will notify you of your license renewal.
2. You will pay the city license fee of $30 on the BLS portal.
3. The City of Port Townsend will invoice you for any remaining balance due, if applicable.
When the State Department of Revenue updates the BLS portal to accommodate the licensing fee changes, you will
be able to select the license fee that fits your business structure and remit payment directly to the DOR. We
anticipate that their site will be updated by Quarter Three of 2018.
The Port Townsend City Council adopted Ordinance 3184, on November 6, 2017. To view the full detail of these
code changes, you can visit our website at www.cityofpt.us and review Ordinance 3184 by selecting WebLink
Documents Online und the City Council tab. You may also contact the Finance Office at 360-385-2700.
Please note that you are still responsible to file Fourth Quarter 2017 and Annual 2017 B&O tax returns by
January 31, 2018.