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Q:  Are any B&O tax exemptions allowed?

A:  The following activities are not subject to the B&O tax and do not need to be reported on your excise tax return. This list is not all-inclusive.

    • Farming

      Wholesale sales by farmers of agricultural products

      The raising of animals, including fish, for sale at wholesale, and the raising of animals except fish, for others

      Processing and wholesaling of fresh fruit and vegetables for transportation outside the state (as of July 1, 2005)

    • Nonprofit and social service organizations

      Qualified fundraising activities by qualified nonprofit organizations

      Adult family homes licensed by the Department of Social and Health Services

      Childcare provided by churches

      Receipt of certain government grants

      Nonprofit boarding homes (as of July 1, 2005)
    • Government

      County, cIty, school, and fire district income, except utility or enterprise operations that compete with other businesses and are over 50 percent funded by user fees

      State or federal grants received by political subdivisions where no significant services are performed in return
    • Financial

      State and federally chartered credit unions
    • Miscellaneous exemptions

      Sale or rental of real estate other than lodging

      Small timber harvesters whose gross income is less than $100,000 per year
More information
Excise tax returns
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