POULSBO
Poulsbo is home to a diverse group of entrepreneurs. With a population of 13,010, there are more than 2,000 businesses located in Poulsbo and about half are small businesses. Poulsbo business licenses are obtained by the Department of Revenue, where excise and state business and occupation (B&O) taxes are paid. Effective July 1, 2024, the City of Poulsbo implemented a B&O tax of .2% (.002) on gross revenue with two exemptions: (1) the first $20,000 of taxable gross revenue earned annually that is not subject to retail sales tax is exempt and (2) the first $125,000 of taxable gross revenue earned annually that is subject to retail sales tax is exempt. Small businesses will be exempt from paying B&O tax if annual gross revenue is less than $20,000. However, B&O tax form filings are required, even if there is no balance due.
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