• City of Tacoma QA
  • City of Tacoma OpenData




Small Business Tax Credit

Small Business Phased Tax Credit

Businesses with an annual gross income from $250,001 to $300,000 are eligible for a credit and pay only a percentage of their tax due.  The table below represents the percentage of the tax credit depending on annual gross income. 

After calculating the total tax due on the Business & Occupation tax return, there is a line titled Small Business Tax Credit – enter the amount of the credit and subtract it from the tax due.   

Annual Gross Income

Tax Credit - Percentage of Total Tax Due

$250,001 - $260,000

90%

$260,001 - $270,000

80%

$270,001 - $280,000

70%

$280,001 - $290,000

45%

$290,001 - $300,000

25%




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