Many businesses may qualify for several tax incentives offered by Washington state. These incentives include deferrals, reduced B&O rates, exemptions and credits.
Your annual filing requirement
If your business claimed a tax incentive, you are required to file your annual survey and/or the annual report by May 31 of each year. If May 31 falls on a weekend or state holiday, the due date is the next business day. Some incentives require you to file both a survey and a report. Check each tax incentive below for information on your reporting requirements. You can also review the survey and report to see if the incentive you claim is listed.
If you do not file your information by the deadline as required, the amount of incentive that you claimed during the incentive year may be billed back to you. Starting with annual surveys and annual reports due after July 1, 2017, if they are not filed timely, you will be billed 35 or 50 percent of the incentive claimed. For more information, see our Special Notice, Changes to Annual Tax Incentive Reports and Surveys.