High technology sales & use tax deferral/waiver (expired January 1, 2015)

Available to:

Limited to businesses conducting R&D and pilot scale manufacturing in the fields of:

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

Qualifying activity:

Certain construction and equipment purchases for new and expanding businesses.

Reporting/documentation:

• High Technology Application For Sales and Use Tax Deferral must be filed before building permit is issued.
• All businesses must maintain a qualified activity at the site of the investment project for the year in which the investment project is certified operationally complete plus seven additional years.
• Annual Tax Performance Report must be filed by May 31st of the following year in which the project is certified and for the following seven years.
• Electronic filing of all documents required.
• Expired January 1, 2015 – Applications should be received by November 1, 2014, to be processed prior to the expiration date.

For questions about the deferral, please call Debi Brower at (360) 534-1443.