The deadline is quickly approaching for the 46 B&O tax cities to make mandatory updates to their B&O tax ordinances to comply with laws passed during the 2019 legislative session. The mandatory updates must be approved and effective by January 1, 2020.
The changes include new rules to apportion service income when a business is operating in multiple jurisdictions. The changes implement the recommendations from a task force of city tax managers and business representatives created by HB 2005 in 2017.
AWC held a webinar last month to provide an overview on the changes to the B&O tax model ordinance and explain how the new service income apportionment rules will work.
For more information, visit AWC’s page on B&O taxes for cities.