Bill would allow King Co. to tax business to build housing

OLYMPIA, Wash. (AP) — A measure that would allow King County to tax large businesses to raise money to build affordable housing to fight the region’s homelessness crisis has been introduced in the Legislature. House Bill 2907 would impose an annual payroll expanse levy on companies and would let the county increase that rate for highly-paid workers. King County is home to major tech companies like Amazon and Microsoft with many employees making more than $100,000 annually. The bill comes after the Seattle City Council in 2018 repealed a similar tax on large companies it had just passed that was designed to bring in money to address homelessness issues.