[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-302326-105":53,"doc-detail-302326-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","bo-multipurpose-tax-form-2025-fillable2-w-deductions-business-tax-deductions-exemptions","BO-MULTIPURPOSE-TAX-FORM-2025-FILLABLE2-W-DEDUCTIONS - Business Tax Deductions & Exemptions","","Business tax form content detailing annual or quarterly reporting fields for B&O taxes and related other taxes. Explains conditions for exemption from B&O tax based on annual gross revenue thresholds, including requirements for nonprofit zero returns and circumstances where nonprofit sales can make income B&O taxable. Provides two exemption categories with specific taxable gross revenue limits and illustrates calculation tax rates for multiple tax classes. Includes sections for deduction types, credit losses, cash/trade discounts, sales delivered outside Poulsbo, and other-where documentation is required.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/bo-multipurpose-tax-form-2025-fillable2-w-deductions-business-tax-deductions-exemptions/302326/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/bo-multipurpose-tax-form-2025-fillable2-w-deductions-business-tax-deductions-exemptions/302326.png","ImageObject",442,249,{"name":88,"@type":89},"Mason","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-24","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"When is a business exempt from paying B&O tax, and what filing is still required?","Question",{"text":108,"@type":109},"A business is exempt from paying B&O tax if annual gross revenue is less than $20,000, but a zero return must still be filed annually due January 31.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What are the two B&O tax deduction/exemption thresholds described in the form?",{"text":113,"@type":109},"Exemption 1 applies to the first $20,000 of taxable gross revenue earned annually (or $5,000 per quarter) that is not subject to retail sales tax. Exemption 2 applies to the first $125,000 of taxable gross revenue earned annually (or $31,250 per quarter) that is subject to retail sales tax.",{"name":115,"@type":106,"acceptedAnswer":116},"How should a deduction not listed in the form be handled?",{"text":117,"@type":109},"Use the Other-Describe line and document or explain the deduction, because invalid deductions will be disallowed.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},302326,1790192408,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},5909887256941,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","BUSINESS NAME:   STATE UBI NO.:    \nADDRESS:   ANNUAL  QUARTERLY   \n• Business will be exempt from paying B&O tax if annual gross revenue is less than $20,000, however a zero return is required to be filed annually (due January 31) .  \n• Non-profit organizations are exempt from paying the City’s B&O tax but are required to file an annual zero return by January 31. However, if a non-profit sells merchandise, collects retail sales tax, remits tax to the state, then that income is B&O taxable.  \n• Exemption 1 : The first $20,000 of taxable gross revenue earned annually (or $5,000 per quarter) that IS NOT subject to retail sales tax is exempt from B&O tax (Non Taxable Retail, Wholesaling, Manufacturing, Services & Other [Apportioned] are the ONLY classifications to utilize this deduction/exemption) .  \n• Exemption 2: The first $125,000 of taxable gross revenue earned annually (or $31,250 per quarter) that IS subject to retail sales tax is exempt from B&O tax (Taxable Retail/Retail Services are the ONLY classifications to utilize this deduction/exemption) .  \n\n| Tax Classifications Gross Receipts Deductions/Exemptions Taxable Revenues Tax Rates\u003Cbr>B&O TAXES      \u003Cbr>Taxable Retail/Retail Services  $  -  $  =  $  X 0.002 =\u003Cbr>Wholesaling  $  -  $  =  $  X 0.002 =\u003Cbr>Manufacturing  $  -  $  =  $  X 0.002 =\u003Cbr>Services & Other Apportioned  $  -  $  =  $  X 0.002 = OTHER TAXES      \u003Cbr>Admissions  $  -  $  =  $  X 0.05 =\u003Cbr>Amusement & Games  $  -  $  =  $  X 0.02 =\u003Cbr>Bingo & Raffle  $  -  $  =  $  X 0.05 =\u003Cbr>Pull Tabs & Punchboards  $  -  $  =  $  X 0.10 = |  |  |  |  |  |  |  |  | Tax Due Amount |  |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n|  |  |  |  |  |  |  |  |  | $ |  |\n| \u003Cbr>Please explain Deductions, other than allowable Exemptions: Signature: Date:\u003Cbr>Telephone Number: Email:\u003Cbr>B&O Tax Due Multiple Activities Credit Other Taxes Due Penalties\u003Cbr>Subtotal All Taxes\u003Cbr>Total Amount Due\u003Cbr>$ $ $ $ $ $ |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |  |  |  |\n\n| Deduction Type | Tax Classification | Tool Tip |\n| --- | --- | --- |\n| B&O Taxes |  |  |\n| Tax Code / Classification | Retailing/Retail Services & Wholesaling |  |\n| Credit Losses | Retailing/Retail Services Deductions-Credit Losses | Credit losses (or Bad Debt) for accrual basis taxpayers. In computing tax, there may be deducted from the measure of tax the amount of credit losses actually sustained by taxpayers whose regular books of account are kept upon an accrual basis. |\n| Cash/Trade Discount | Retailing/Retail Services Deductions-Cash/Trade Discount | The amount of cash or trade discount actually taken by the purchaser may be deducted from the measure of tax if it was reported initially as gross.\u003Cbr>See PMC 3.34.100 Deductions |\n| Sales Delivered Outside Poulsbo | Retailing/Retail Services Deductions-Sales Delivered Outside Poulsbo |  |\n| Other-Describe\u003Cbr>Tax Code / Classification | Retailing/Retail Services Deductions-Other-Describe | Most allowable deductions are listed. Your business may have a specific deduction allowed by law that is not listed. Use of the Other Deduction line requires you to document or explain the deduction. Invalid deductions will be disallowed. |\n|  | Wholesaling |  |\n| Credit Losses\u003Cbr>Cash/Trade Discount | Wholesaling Deductions – Credit Losses | See Credit Losses Above |\n|  | Wholesaling Deductions – Cash/Trade Discount | The amount of cash or trade discount actually taken by the purchaser may be deducted from the measure of tax if it was reported ","cbCaimPtM1nUI6Nc","https://ap.wps.com/l/cbCaimPtM1nUI6Nc","pdf",234753,"English","# Exemption rules\n## Annual vs quarterly filing and zero return requirement\n## Exemption 1 and Exemption 2 thresholds\n# Tax calculations and rates\n## B&O taxes by tax classification\n## Other taxes and rates\n# Deductions and allowances\n## Credit losses and cash/trade discounts\n## Sales delivered outside Poulsbo\n## Other-Describe documentation","[{\"question\":\"When is a business exempt from paying B\\u0026O tax, and what filing is still required?\",\"answer\":\"A business is exempt from paying B\\u0026O tax if annual gross revenue is less than $20,000, but a zero return must still be filed annually due January 31.\"},{\"question\":\"What are the two B\\u0026O tax deduction/exemption thresholds described in the form?\",\"answer\":\"Exemption 1 applies to the first $20,000 of taxable gross revenue earned annually (or $5,000 per quarter) that is not subject to retail sales tax. Exemption 2 applies to the first $125,000 of taxable gross revenue earned annually (or $31,250 per quarter) that is subject to retail sales tax.\"},{\"question\":\"How should a deduction not listed in the form be handled?\",\"answer\":\"Use the Other-Describe line and document or explain the deduction, because invalid deductions will be disallowed.\"}]","BO-MULTIPURPOSE-TAX-FORM-2025-FILLABLE2-W-DEDUCTIONS - Business Tax Deductions & Exemptions | PDF",1789791895]