International services - B&O tax credit for new employment

Available to:

Persons providing international services, such as computer; data processing; information; legal; accounting and tax preparation; engineering; architectural; business consulting; business management; public relations and advertising; surveying; geological consulting; real estate appraisal; or financial services in designated geographical areas.

Qualifying activity:

Creating permanent full-time positions in international services located in a Community Empowerment Zone (CEZ) or designated International Services District. International services must be provided to persons domiciled outside the United States or be for use primarily outside this country.

Credit amount:

$3,000 per year for each qualified employment position created. Additionally, $3,000 in credit can be taken in each of the following four years if the position is maintained.

Reporting/documentation:

• No application.
• No Annual Tax Performance Report.
• Electronic filing not required.
• Maintain records necessary for the department to verify eligibility:
• Employment records for the previous six years;
  • Information relating to description of international service activity engaged in at the eligible location by the person; and
  • Information relating to customers of international service activity engaged in at that location by the person.

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