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  Market Research     Washington: Incentives     Information
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There are tax credit, waiver, and deferral programs for qualifying manufacturers, R&D, high technology, warehousing and distribution firms.

Some incentives apply everywhere in the state while others are specifically for businesses locating in designated rural or distressed areas.

 Washington State levies no corporate, unitary or inventory tax.

 Washington State has no personal income tax.

 Business does not have the additional burden of withholding, remitting and reporting the tax.

 Washington State levies no tax on interest, dividends or capital gains

 Washington State gives an annual B & O tax credit of up to $2 million for high technology businesses that perform R&D in advanced computing.· Washington State defers or waives sales and use tax associated with new R&D or pilot scale manufacturing operations, or expanding, renovating or quipping an existing facility to current operation for companies that perform advance computing.

 Software designed for a specific need for a single person or group of persons is exempt from property tax in Washington State. Included in the definition is modification of canned computer software.

 Washington State’s Rural Counties offer tax credits for new hires.

 Washington State exempts sales and use tax on equipment used in manufacturing.

 Washington State reformed the Workers’ Compensation System making it one of the lowest in cost nationally. The system is based on hours worked rather than wages paid which means tax is not paid on vacation, sick leave or time off. Additionally, wage increases do not inflate cost. Workers pay 27.6% of the premium.

 Read more for Washington Tax Incentive Overview (PDF file).

 Read more for Washington Tax Incentive Programs (PDF file).


More Info

Washington State Incentives

Washington State Department of Revenue


Source: Washington State Business and Project Development













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