business head tax | KNKX

business head tax

Will James / KNKX

Leaders of Pierce County and nine of its cities lined up inside a cavernous data center Tuesday and came just short of making a direct appeal for companies to flee Seattle's taxes for the South Sound. 

Elaine Thompson / AP Photo

The Seattle City Council passed a "head tax" on businesses in a 9-0 vote Monday, following weeks of debate that dominated city politics and came down to last-minute negotiations over the weekend. 

Will James / KNKX

Seattle Mayor Jenny Durkan said the City Council's proposal to tax businesses, in its current form, does not meet her "requirements."

Durkan has the power to veto the hotly-debated "head tax," though she has not said whether she would do so.

The tax would charge Seattle's largest companies $500 per employee to fund solutions to the city's housing crisis. It's estimated to raise $75 million per year.

In a statement, she indicated she wants changes to the current legislation. She raised questions about the size of the tax and how long it should last.

Elaine Thompson / AP Photo

Seattle leaders could vote on the proposed "head tax" for high-earning businesses as early as next week. Revenue from the controversial tax is meant to fund affordable housing initiatives and continue the city’s fight against homelessness.

Elaine Thompson / AP Photo

The debate over the proposed "head tax" on large Seattle businesses is heating up.

Elaine Thompson / AP

Amazon is pausing development on two buildings in downtown Seattle as the City Council considers a "head tax" on large businesses.

Ted S. Warren / AP Photo

The Seattle City Council is poised to enact a so-called "head tax" on businesses. 

The latest proposal would only apply to businesses grossing $20 million or more. It would start as a per-employee tax before changing to a tax on total payroll in 2021. It's expected to raise $75 million per year for the city's efforts to combat homelessness.

Elaine Thompson / AP Photo

The Seattle City Council is reconsidering a "head tax" on businesses to pay for housing and homeless services after council members failed to pass such a tax last year.