Skip to main content

Important!

Due to the pandemic, our offices are closed to the public. Please visit our Contact page for support options.

COVID-19 business relief is available. El alivio comercial de COVID-19 está disponible.

Home
  • Laws & rules
  • Careers
  • Contact
  • About
  • Log in

Search Google Appliance

  • Home
  • Open a business
    • Get started
    • Apply for a license
    • Plan for taxes
  • Manage a business
    • Run
    • Grow
    • Close
  • Taxes & rates
    • Sales & use tax rates
    • Tax incentives
    • Business & occupation tax
    • Retail sales tax
    • Use tax
    • Property tax
    • Other taxes
    • Income tax
  • File & pay taxes
    • Filing frequencies & due dates
    • File or amend my return
    • Report no business activity
    • Late filing
    • Reviews and appeals
    • Apply for a tax refund
  • Education
    • Industry guides
    • Events & workshops
    • Watch a video
    • Audits
  • Forms & publications
    • Forms by name
    • Forms by subject
    • Publications by name
    • Publications by subject
Home / Content / B&O credit for property/leasehold taxes paid on aerospace business facilities

B&O credit for property/leasehold taxes paid on aerospace business facilities

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.
  • Certified FAR repair stations.
  • Aerospace tooling manufacturers.

Qualifying activity:

For manufacturers and processors for hire:

  • Payment of property/leasehold taxes on new buildings, land, and the increased value of renovated buildings used exclusively in manufacturing commercial airplanes or components of such airplanes; or in manufacturing tooling specifically designed for use in manufacturing commercial airplanes or components of such airplanes.
  • Payment of property taxes on equipment eligible for the machinery and equipment (M&E) exemption multiplied by a fraction for qualifying use.

For certified FAR repair stations and aerospace non-manufacturers:

  • Payment of property/leasehold taxes on new buildings, land, and the increased value of renovated buildings used exclusively in aerospace product development or in providing aerospace services.
  • Payment of property taxes on qualifying computer equipment and peripherals used primarily in aerospace product development or in providing aerospace services.

Reporting/documentation:

  • No application required.
  • Annual Tax Performance Report filed by May 31 of the following year.
  • Electronic filing required.

Expires July 1, 2040.

For questions about the credit, call Taxpayer Account Administration at 360-705-6216.

Special Notices & Other Publications

Aerospace Manufacturers Tax Incentives (pdf)

Tax Incentives for Federal Aviation Regulation Part 145 Repair Stations (pdf)

Non-manufacturer Aerospace Incentives (pdf)

Aerospace Tooling Manufacturers Tax Incentives (pdf)

RCW

82.04.4463
82.32.534
82.32.550
82.32.660

WAC

458-20-267

 

Laws & rules | Careers | Contact | About

Home

About

Careers

Contact

Help us improve!

Join our mailing lists

Laws & rules

News releases

Statistics & reports

 

Open a business

Get started

Apply for a license

Plan for taxes

Manage a business

Run

Grow

Close

 

Taxes & rates

Sales & use tax rates

Tax incentives

Business & occupation tax

Retail sales tax

Use tax

Property tax

Other taxes

Income tax

File & pay taxes

Filing frequencies & due dates

File or amend my return

Report no business activity

Late filing

Reviews and appeals

Apply for a tax refund

Education

Industry guides

Events and workshops

Watch a video

Audits

Forms & publications

Forms by name

Forms by subject

Publications by name

Publications by subject

  • Department of Revenue Facebook page
  • Department of Revenue Twitter feed
  • Department of Revenue LinkedIn page.
  • Department of Revenue YouTube channel

Español | Русский | 한글 | Tagalog | Tiéng Viét | 漢語

  Subscribe to receive notifications | Taxpayer Rights and Responsibilities 
Your Privacy | Accessibility | DOR Staff only | © 2017 WASHINGTON STATE DEPARTMENT OF REVENUE AND ITS LICENSORS. ALL RIGHTS RESERVED.
Access Washington