| State: |
WA |
| Incentive Type: |
Income/Franchise Tax Incentives and Credits |
| Incentive Title: |
Jobs Credits |
| Description: |
1. INTERNATIONAL SERVICES BUSINESS & OCCUPATION TAX CREDIT A B&O tax credit for businesses that create new jobs dedicated to providing certain services to international customers. The credit is $3000 per year for each eligible job created.
2. THE RURAL AREA BUSINESS AND OCCUPATION TAX CREDIT PROGRAM FOR NEW EMPLOYEES The program provides a tax credit based upon annual wages. A $2,000 credit for each new job with annual wages and benefits of $40,000 or less; or a credit of $4,000 for each new job with wages and benefits over $40,000 annually.
3. BUSINESS & OCCUPATION TAX CREDIT FOR NEW JOBS IN PROGRAMMING OR SOFTWARE MANUFACTURING: B&O tax credit for software manufacturing or programming businesses.
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| Eligibility Requirements: |
1. Businesses must be located in Community Empowerment Zones or designated areas of cities.
2. Manufacturing, R&D, or computer-related service businesses are eligible for the tax credit that locates or expands in a designated distressed area. Must have approval before taking the credit. Business must either add 15% more to its workforce or create a new workforce.
3. Business must be located in a rural area. $1,000 credit for each new job created. |
| Geographic Restrictions: |
Empowerment Zones and other areas meeting criteria |
| Granting Authority: |
Department of Revenue |
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