Since 2017, the Washington Tax Structure Work Group (TSWG) has been tasked with reviewing Washington’s tax structure. The primary goal of TSWG’s review was to identify ways to make “Washington’s tax code more fair, adequate and transparent.” Since May 2022, the TSWG has been discussing a proposal that would repeal the Washington Business and Occupation (B&O) Tax and replace it with a Texas-style Margins Tax.
Washington Introduces Business & Occupation – Margins Tax Swap Bill
