Seattle City Council members have drafted a plan to impose a tax on large employers that would raise $75 million next year to help address homelessness, reports Daniel Beekman of The Seattle Times. He writes:
The bill, released Friday after weeks of deliberations, would create a tax of 26 cents per Seattle employee-hour on companies that gross at least $20 million in the city.
There are about 500 such companies, representing 3 percent of city businesses, according to council staff. Nonprofits would be exempt.
Most of the money raised would go to help build affordable housing.
Click on the link below to read The Seattle Times story.
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