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Washington State Incentives
COMMUNITY EMPOWERMENT ZONE PROGRAM(CEZ): a competitive program intended to spur neighborhood revitalization and reinvestment. To receive state CEZ designation, the six eligible jurisdictions identified targeted neighborhoods, undertook a planning and public involvement process, and adopted a five-year plan to guide resource investments. The CEZ designation enables qualified businesses to apply to the Washington State Department of Revenue for sales tax deferrals and business and occupation tax credits for a variety of projects. The statutory authority for the CEZ program is found in Chapter 43.31C of the Revised Code of Washington (RCW).
SALES AND USE TAX EXEMPTION for Manufacturing Machinery & Equipment (m&E): Available to manufacturers and processors for hire performing manufacturing and R&D. Testing operation for a manufacturer and processor for hire. To qualify, the manufacturer must purchase qualifying machinery and equipment used directly in a manufacturing operation or research and development performed by a manufacturer, or testing operations performed for a manufacturer.
Rural County/Community Empowerment Zone (CEZ) Incentives:
- Purchases of Server Equipment and Power Infrastructure for use in Eligible Data Centers – Sales/Use Tax Exemption: Available to the owner of an eligible data center with a combined square footage of at least 100,000 square feet and lessees of at least 20,000 square feet within an eligible data center located in a rural county.
- B&O Credit for New Employees in Manufacturing and Research & Development in Rural Counties: Available to manufacturers, R&D laboratories, and commercial testing facilities located in rural counties or within a CEZ. To qualify, the company must create new employment positions/increase instate employment by 15 percent. In turn, this incentive gives a $2,000 credit/position with annual wages/benefits of $40,000 or less; or a $4,000 credit/position with wages/benefits of more than $40,000 annually.
HIGH TECHNOLOGY B&O CREDIT for R&D Spending: Available to businesses conducting research and development (R&D) in Washington State in the research and development fields of advanced computing, advanced materials, biotechnology, electronic device technology and environmental technology.
RENEWABLE ENERGY/GREEN INCENTIVES:
- Solar Energy System and Components of Solar Energy Systems Manufacturers – Reduced B&O Tax Rate available to manufacturers, manufacturers that sell their product at wholesale, and processors for hire of solar energy systems and specified components of solar energy systems using photovoltaic modules or stirling converters.
- Machinery & Equipment Used to Generate Electricity Using Renewable Energy – Sales/Use Tax Exemption available to anyone that generates electricity using fuel cells, sun, wind, biomass energy, tidal and wave energy, geothermal resources, anaerobic digestion, technology that converts otherwise lost energy from exhaust, or landfill gas. The refund program expires July 1, 2013.
- Energy Production Using Solar, Methane, & Wind Power – Cost Recovery Program available to individuals, businesses, local government entities that are not in the light and power business or gas distribution business, and participants in a community solar project.
REDUCED B&O TAX RATE FOR AEROSPACE BUSINESSES: This incentive is available to manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes, non-manufacturers engaged in the business of aerospace product development, certificated FAR repair stations making retail sales, and aerospace tooling manufacturers.
For more detailed information about these and additional incentives, visit: www.choosewashington.com/business/incentives
