This week Seattle City Finance announced updated business license fees for 2024. Each year there is a potential increase to the business license tax certificate fee based on the annual Consumer Price Index. This caused the annual license fees to increase for 2024. Business license fees may increase based on reported revenue.
Below are the anticipated license fees based on business revenue:
|
Seattle Taxable Annual Revenue (2022) |
License Fee |
|
Less than $20,000 |
$68 |
|
$20,000 – $499,999 |
$138 |
|
$500,000 – $1,999,999 |
$626 |
|
$2,000,000 – $4,999,999 |
$1,504 |
|
$5,000,000 or more |
$3,011 |
|
Branch Locations |
$10 per location |