The Tacoma City Council took a big step forward tonight by adjusting the City’s B&O and cabaret taxes.

By raising the minimum threshold for tax to $250,000 from $75,000 more businesses will have a chance to grow before paying the tax.

More and more businesses have real flexibility in where they want to locate, especially when their only needs are a computer and phone. I think this will help make Tacoma more welcoming to those kinds of businesses.

As David Boe said tonight, Tacoma is a great place to start a business and this only helps that. Marilyn Strickland also pointed out that of the cities that do have a B&O tax here (primarily the large cities) our minimum threshold is now the highest.

Thanks to the Council for this unanimous vote.

The new threshold goes into effect January 1.