Adult family homes

From the 2024 DOR Tax Exemption Study

82.04.327 - Adult family homes Description Adult family homes that provide for the health, welfare, and safety of residents including elderly persons, adults with developmental or other disabilities, are exempt from B&O tax. To qualify the home must be: - Licensed as an adult family home. - Exempt from licensing under rules of the Department of Social and Health Services. Purpose Reduces the cost of operating adult family homes. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $9.860 $10.230 $10.680 $11.190 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $9.380 $10.680 $11.190 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the service and other activities B&O taxable activity growth rate reflected in the Economic and Revenue Forecast Council's March 2023 forecast. Data Sources - Department of Social and Health Services, Client participation data Additional Addit