Oppose HB 1320—Business and Occupation Tax Increases

Oppose HB 1320—Business and Occupation Tax Increases

Lakewood Chamber of CommerceBoard of Directors Policy PositionOppose HB 1320—Business and Occupation Tax IncreasesJanuary 28, 2025 House Bill 1320 proposes a 20% surcharge on the business and occupation (B&O) tax rate for businesses in the “service and other activities” category with annual income exceeding $1 million from October 2025...

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