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Washington Business & Occupation Tax (WBO)

Washington Business & Occupation Tax (WBO). Effective June 1, 2010, WA State passed into law “Economic Nexus”, which means out-of-state companies are taxed when they receive a benefit (income) from a WA State business.

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Washington Business & Occupation Tax (WBO)

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  1. Washington Business & Occupation Tax (WBO) • Effective June 1, 2010, WA State passed into law “Economic Nexus”, which means out-of-state companies are taxed when they receive a benefit (income) from a WA State business. • WA B&O is a tax assessed on gross receipts generated from WFO contracts (.018) & royalties (.00484) received from businesses located within the State of Washington. (UW, WSU, PNNL, etc) • Gross Receipts = Costs, since we do not profit (over collect) on WFO contracts. • WBO is the burden code utilized to capture the costing activity on WFO contracts. Royalties will we handled outside the burdening process. • Only apply WBO on project ids that the WFO Contract is with a business located within the State of Washington. • Any questions or concerns, please contact Yvonne Deshayes, at Extension 6280 or ymdeshayes@lbl.gov

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