STATE B&O TAX UPDATE

Washington REALTORS® has been made aware of direction from the Department of Revenue that is circulating among the real estate community regarding State B&O Tax rates.


Washington REALTORS® has been made aware of direction from the Department of Revenue that is circulating among the real estate community regarding State B&O Tax rates. It correctly identifies that the B&O Rate on commissions will not be impacted by the recent B&O tax increase, but it also claims that property management service does see the increase (from 1.5% to 1.75%). We believe that conclusion is in error and are working with Department of Revenue to clarify that interpretation. We hope to have some news soon-please stay tuned.





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