"A Seattle task force is recommending the City Council adopt a $75 million-per-year “head tax” on high-grossing businesses to help address homelessness.
Members of the community panel set up by the council reached consensus during their last meeting Thursday after about two months of work....Under the November proposal, the city would have taken 6.5 cents per employee, per hour, from companies grossing more than $10 million per year.
...With representatives from nonprofits, advocacy groups and businesses, the task force was told to consider “new progressive revenue sources,” including a head tax (also called an employee-hours tax) capable of raising $25 million to $75 million a year.
By choosing the high end of that range, the panel is recommending a tax that would yield three times more than what the council turned down a few months ago
The panel, co-chaired by Councilmembers M. Lorena González and Lisa Herbold, is recommending the council dedicate about 80 percent of the tax money to low-income housing and about 20 percent to emergency shelter and services...."
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