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HomeMy WebLinkAboutCOW 2020-08-24 Item 5F - Discussion - Business License Fee DeferralCOUNCIL AGENDA SYNOPSIS nitials Meeting Date Prepared by Mayor's review Council review 8/24/20 BJM ITEM INFORMATION ITEM No. 5.F. STAFF SPONSOR: BRANDON MILES ORIGINAL AGENDA DATE: 8/24/20 AGENDA ITEM TITLE Business License Fee Deferral CATEGORY // Discussion 08/24/20 ❑ Motion Mtg Date ❑ Resolution Mtg Date ❑ Ordinance Mtg Date ❑ Bid Award Meg Date ❑ Public Hearing Mtg Date ❑ Other Mtg Date Mtg Date SPONSOR ❑ Council ❑ HR ❑ DCD ❑ Finance ❑ Fire ❑ TS ❑ P&R ❑ Police ❑ Pl/ N Mayor SPONSOR'S The Planning and Economic Development Committee requested a discussion on business SUMMARY license fee deferral. REVIEWED BY ❑ Trans&Infrastructure ❑ CommunitySvs/Safety ❑ LTAC ❑ Arts Comm. DATE: 8/17/20 ❑ Finance ❑ Parks Com Comm a Planning/Economic Dev. ❑ Planning Comm. CHAIR: MCLEOD COMMITTEE RECOMMENDATIONS: SPONSOR/ADMIN. COMMITTEE N/A N/A COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 8/24/20 MTG. DATE ATTACHMENTS 08/24/20 Informational Memorandum dated August 10, 2020. Minutes from the 8/17 PED Committee Meeting 121 122 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Planning and Economic Development FROM: Brandon Miles, Business Relations Manager CC: Mayor Ekberg DATE: August 10, 2020 SUBJECT: 2020 Business License Fee Deferral ISSUE Planning and Economic Development (PED) requested a discussion on business license fee deferral at its May 4, 2020 meeting. BACKGROUND At its May 4, 2020 meeting PED requested information regarding possibly deferring business license fees due to COVID-19. Starting in 2019 the City of Tukwila was required to have its business license issued by the State of Washington. The State has mandated that all cities and towns use the State's system to provide a one stop shop for both municipal business licenses and the required State of Washington business license. When a business submits its business license to the State a fee is paid for the City's portion of the business license and the State's portion. Since the State needs uniformity in processing business license applications there are limits on what the City can and cannot due under the State's system. For 2020 the State of Washington issued just over 1,900 business licenses to businesses conducting activities in the City of Tukwila. This number includes businesses located outside of the City, but which do work within the city limits and non -profits that are required to obtain a license yet are exempt from the City's business license fee. Tukwila's business license fee is based on the total number of full time and part time employees the business has. For full time, the 2020 fee is $112.00 per employee and for part time the fee is $56 per employee. So far for 2020 the City has collected just over $2.2 million in business license fees. All funds collected go into the general fund. The following chart outlines the fee based on business size. Business Size (based on fee paid). Total Number of Businesses in Category Total Fees Paid $25,000 and up. 9 $440,449 $10,000 to $24,999 22 $319,960 $5,000 to $9,999 57 $401,073 $4,000 to $4,999 31 $141,712 $3,000 to $3,999 33 $112,301 $2,000 to $2,999 87 $214,598 $1,000 to $1,999 180 $252,069 $500 to $999 237 $165,789 $150 to $499 469 $139,379 $15 to $498 (companies with one or fewer employee) 772 $66,337 123 INFORMATIONAL MEMO Page 2 DISCUSSION Any proposal to deferral or eliminate business fees in 2021 would result in additional revenue shortfalls for the City. The City would need to identify budget cuts or additional revenue to offset the loss. It should also be noted that the total business license fee collected in 2021 will likely go down next year due to businesses reducing their work force. Even limiting a deferral program to small businesses (businesses that pay less than $500) would result in significant loss of revenue. The nearly 1,200 businesses in this category paid just over $200,000 in the business license fee for 2020. Staff also believes that the business license fee is small given the total operating costs for most businesses. Thus, the City would eliminate revenue for a large volume of businesses, while the benefit could be minimal to the business. Some micro businesses may welcome the fee reduction; however, it's unclear if such a reduction would assist in the business overall survival. Many of these business licenses, while small, were issued for large corporations doing business in the City. It is unclear if the City would create a program to apply to certain size businesses or certain type of businesses (non -chain, locally owned) given the possible limitations in the State's software system. Any changes to the business license fee must be received by the State at least 75 days prior to the effective change date. Since many businesses will pay their 2021 business license in December of 2020, the State would need any changes to the fee schedule by mid -September in order for the change to be in effect when businesses begin the renewal process later this year. FINANCIAL IMPACT Depends if a program was initiated and which size businesses were eligible for the program. RECOM MENDATION Discussion only. Staff does not recommend the City implement a business license fee deferral program for 2021. ATTACH MENTS • None. 124 https://tukwilawa.sharepoint.com/sites/mayorsoffice/cc/CC Docs/Old W/2020 Info Memos/Staff Memo, August 10, FINAL.doc Planning & Economic Development Committee Minutes August 17, 2020 E. Lodging Tax Revenue & Ending Fund Balance Forecast Staff provided revised lodging tax revenue forecasts for 2020-2026, reflecting COVID-19 impacts. F. Items requiring follow-up Provide updates as lodging tax revenue is received. Committee Recommendation Discussion only. Business License Fee Deferral Committee members and staff discussed the implications of a business license fee deferral program. Committee Recommendation Forward to August 24, 2020 Committee of the Whole for discussion. IL. MISCELLANEOUS The meeting adjourned at 6:37 p.m. r\YI M Committee Chair Approval Minutes by DS 125 126