Washington State: Changes relating to B&O tax, nexus rules, unclaimed property

Washington State: B&O tax, nexus, unclaimed property

The governor of the State of Washington signed into law legislation that makes changes to the state’s business and occupation (B&O) tax and sales and use tax statutes.

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Among the provisions are the following:

  • Repeal of the preferential B&O tax rate for royalty income
  • B&O tax nexus changes
  • Click-through nexus
  • Manufacturing and R&D machinery and equipment changes
  • Late payment penalties, increase
  • Unclaimed property administrative changes

The nexus changes are effective September 1, 2015. All other provisions are effective August 1, 2015.

Read a July 2015 report [PDF 79 KB] prepared by KPMG LLP: Washington State: Recently enacted legislation includes certain tax and unclaimed property changes affecting business taxpayers

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