The 2010 tax legislation has brought about many changes to Washington State tax laws that will impact businesses and individuals alike.  Some of the changes, such as the candy and tobacco sales tax increases, have been covered heavily in the news.  The following list highlights some of the other updates brought about by the new legislation:

• Reseller permit administration updates

• Temporary B&O tax increase for the "service and other activity" classification

• Changes to the definition of economic nexus and the apportionment method for B&O taxes

• Increases to the amount of funds requested for school levies

• Extension of tax incentives that were set to expire - including renewable energy and alternative fuel incentives

• Extension of the lemon law to used vehicles

The 2010 Tax Legislation can be viewed in its entirety at the Washington State Department of Revenue website (http://dor.wa.gov/content/home/). For more information on the tax updates, please feel free to contact our office at (253) 833-5304.