High technology B&O credit for R&D spending (expired January 1, 2015)

Available to:

Businesses conducting research and development (R&D) in Washington State in the fields of:

• Advanced computing.
• Advanced materials.
• Biotechnology.
• Electronic device technology.
• Environmental technology.

Qualifying activity:

Research and development.

Reporting/documentation:

• No application.
• Annual Tax Performance Report must be filed by May 31st of the following year.
• Electronic filing of all documents required.

Note: Effective June 6, 2011,businesses may voluntarily donate all or part of their high technology credit to the Opportunity Expansion Program (RCW 82.32.800).

Expired January 1, 2015.

For questions about the credit, call Taxpayer Account Administration at 360-705-6214.