Business and Occupation Tax Form - City of Princeton, WV 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by determining your business classification(s) as listed on the form. This is crucial for accurate tax reporting.
  3. Enter your gross income for each classification in the appropriate boxes provided. Ensure accuracy to avoid discrepancies.
  4. Calculate the tax amount due by multiplying your gross income by the corresponding tax rate for each classification.
  5. Subtotal all tax amounts due. If you are filing late, add a 5% penalty to this total.
  6. Deduct any exemptions, such as the $4.16 monthly exemption, and list any other additions or deductions before finalizing your total tax due.
  7. Sign and date the form to validate your submission before sending it to the City Treasurer.

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Generally, this means you do not have to report BO tax unless the firm has not reported your commission income. For reporting periods starting on or after January 1, 2025, commissions earned from the sale of real estate are subject to BO tax under the Real Estate Commissions classification at a 1.5% rate.
A Business and Occupation Tax is imposed on any persons(s) engaging or continuing with the state in any public service or utility business, except railroad, railroad car, express, pipeline, telephone and telegraph companies, water carriers by steamboat or steamship and motor carriers.
The tax is imposed on companies operating a business in the state, including out-of-state businesses that have a presence in Washington. The revenue generated from the BO tax helps fund various state programs and services.
You can use the MyTaxes website to begin remitting payments electronically using the ACH Debit method. Credit Cards All major credit cards accepted. You can visit the Credit Card Payments page for more information.
Almost all businesses are subject to BO tax since its a tax on gross income and not just taxable sales. Washington has different classifications for BO business activities; the four main classifications are Retailing, Wholesaling, Manufacturing, and Services Other Activities.
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Now you can select and download multiple small business and self-employed forms and publications or you can call 800-829-3676 to order forms and publications through the mail.
The business and occupation tax (often abbreviated as BO tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, and by municipal governments in West Virginia and Kentucky.

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