| WAC 24003 |
Tax
incentives for high technology businesses. |
| SOURCE |
DOCUMENT |
DETER. NO |
DATE OF ISSUE |
DESCRIPTION |
| WAC: |
458-20-24003 |
|
10/13/2010 |
WAC 458-20-24003 explains the tax incentive programs available for persons engaged in qualified research and development or pilot scale manufacturing in five high technology areas. These incentive programs include:
The sales and use tax deferral program provided by chapter 82.63 RCW; and
The business and occupation tax credit program provided by RCW 82.04.4452.
This rule has been amended to recognize E2SHB 1597 (chapter 106, Laws of 2010). This legislation establishes that only those applications for the high technology deferral that have been approved are not confidential and subject to public disclosure.
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458-20-24003 |
|
03/01/10 |
WAC 458-20-24003(Rule 24003) explains the tax incentive programs available for persons engaged in qualified research and development or pilot scale manufacturing in five high technology areas. These incentive programs include:
The sales and use tax deferral program provided by chapter 82.63 RCW; and
The business and occupation tax credit program provided by RCW 82.04.4452.
The Department amended Rule 24003 to recognize SB 5909 (chapter 268, Laws of 2009). This legislation establishes that under certain circumstances multiple qualified buildings leased to the same person are eligible for the deferral program.
|
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458-20-24003 |
|
06/30/2003 |
Tax incentives for high
technology businesses. Updated 08/31/06. |
| RCW: | 82.04.0552 |
|
2005 |
Credit -- Research and development spending. |
| |
ESHB 3303 |
|
2008 |
B&O tax credit for
polysilicon manufacturers (preproduction development expenditures) |
| ETA: |
3051.2009 |
|
2/2/09 |
Business and occupation tax credit on research and development spending for staffing companies |
| |
2021.04.24003 |
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1/4/05 |
Business and Occupation Tax Credit on Research and Development Spending for Staffing Companies Revised 2/2/09 See ETA 3051.2009 |
| INDUSTRY GUIDES: |
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| SPECIAL
NOTICES: |
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| Subject
Title Reference: |
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| Fruit & Vegetable Processors |
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03/02/2012 |
Failure to File Annual Tax Incentive Survey Results in Loss of Tax Incentive |
| Incentives |
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03/02/2012 |
Failure to File Annual Tax Incentive Survey Results in Loss of Tax Incentive |
| High Technology |
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09/15/2011 |
High Tech B&O Tax Credit Donation |
| Incentives |
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09/15/2011 |
High Tech B&O Tax Credit Donation |
| | |
07/22/1998 |
High Technology B&O Tax
Credit Rate Change |
| | |
08/09/2004 |
Sales/Use Tax Deferral/Waiver
Program & B&O Tax Credit Program Extended and Revised Small Business
Grants Exempted from B&O Tax |
| Annual
Survey/ High Technology/ Rural County Incentives (Annual Survey) | |
12/17/2004 |
Annual Survey Special Notice |
| High
Technology/ Incentives | |
08/09/2004 |
High Technology Business Tax
Incentives (Issued Feb 2005) |
| High
Technology | |
06/21/2005 |
High Technology Business and
Occupation Tax Credit Changes |
| High
Technology/ Incentives | |
06/01/2006 |
Biotechnology Product &
Medical Device Manufacturers - Tax Incentives (Cross reference 136) |
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| WTD: |
23 WTD 280 |
03-0254 |
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B&0 TAX RESEARCH AND DEVELOPMENT ("R&D)
EXEMPTION DEVELOPMENT OF NEW DRUGS.Payments which a pharmaceutical company gives a physician for treating
patients and recording the results as part of new drug trials do not qualify
for the B&O tax exemption allowed for R&D.Taxpayers activities are neither the
discovering technological information nor translating technological
information into new or improved products, processes, techniques, formulas,
inventions, or software. |
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24 WTD 187 |
04-0138E |
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B&O TAX -- R&D CREDIT -- ENVIRONMENTAL CLEANUP.All environmental cleanup activities are
not necessarily qualified research and development (R&D).While non-routine activities, which
translate technological activities into new or improved processes, constitute
qualified R&D, the process becomes routine when repeated to meet specific
contractual "deliverables" (e.g. cleaning up a specific area).These routine cleanup activities are not eligible for the credit. |
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26 WTD 206 |
04-0180E |
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RCW 82.04.4452:R &
D B&O TAX CREDIT COMPUTATION PAYMENTS TO SUBCONTRACTORS. The R&D
tax credit can be computed using either the expenditure or compensation
method, not a combination of both methods.Taxpayers using the expenditure method must exclude payments to
subcontractors. |
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26 WTD 241 |
07-0115 |
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RCW 82.32.600(1): HIGH TECHNOLOGY B&O TAX CREDIT
PROCEDURAL REQUIREMENTS FILING OF ANNUAL SURVEY AND TAX RETURNS
ELECTRONICALLY.Entitlement to the
High Technology B&O tax credit requires taxpayers to file annual surveys
and tax returns electronically. The Department correctly disallowed the
credit when a taxpayer failed to meet that procedural requirement.The fact that the taxpayer may not have
received a courtesy call from the Department reminding it of the requirement
does not relieve the taxpayer from that requirement. |
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27 WTD 136 |
07-0363 |
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RULE 24003; RCW 82.04.4452
B&O TAX -- HIGH TECHNOLOGY CREDIT.Real estate rental expenses and patent attorney fees are not qualified
research and development expenditures under RCW 82.04.4452 and Rule 24003. |
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