[Kenswing]

Well, they just passed an even bigger tax than what was proposed and repealed..

Seattle City Council approves new tax on big business - ABC News

SEATTLE -- The Seattle City Council on Monday approved adopting a new tax on large businesses, two years after the council repealed a big business tax amid pressure from corporations such as Amazon and the prospect of a voter referendum.

The new tax called “JumpStart Seattle,” from lead sponsor and council member Teresa Mosqueda, will target companies with many highly paid employees, whereas the 2018 “head tax” would have applied to all employees at large companies.

The council voted 7-2 on the measure, which is expected to raise more than $200 million per year. The tax repealed by the council in 2018 weeks after it was adopted was expected to raise $47 million per year.

Under the new tax, companies with annual payrolls over $7 million will be taxed based on their pay to employees making over $150,000 per year. As amended in committee last week, the tax rate would range from 0.7% to 2.4%, with tiers for various payroll and salary amounts.

Money from the tax will be used to underwrite $86 million in coronavirus relief to shore up city services as Seattle emerges from the pandemic and over the long term to pay for affordable housing, business assistance and community development. The bill was amended Monday to exempt some health care organizations for three years during the coronavirus crisis and to allow the law to end, or sunset, 20 years after it is enacted.

I guess they found their way to pay for all of the CHOP damage.