Washington DOR Issues Excise Tax Information on Public Utility Tax

The Washington Department of Revenue (DOR) July 1 issued information on public utility taxes. The DOR provides that the public utility tax: 1) is a tax on public service businesses, including businesses that engage in transportation, communications, and the supply of energy, natural gas, and water; 2) is in lieu of the business and occupation tax; and 3) is reported on an addendum to the combined excise tax return. The DOR also provides a list of tax rates for various utility activities. The DOR further includes that the majority of the funds are distributed into the state general fund. A ...