Important!

Disaster Relief: Revenue will work with businesses that cannot file or pay their taxes on time due to recent wildfire damage or other natural disasters. Learn more about disaster relief.

Ayuda por desastres: El Departamento de Ingresos trabajará con las empresas que no puedan presentar o pagar sus impuestos a tiempo debido a los daños causados por incendios forestales u otros desastres naturales. Conozca más sobre la ayuda en caso de desastre.

Employee ownership program B&O tax credit repealed

Employee ownership program B&O tax credit repealed
Issue Date

Intended audience: Businesses converting to an employee ownership structure or claiming the credit.

House Bill 2047 repeals the employee ownership program effective July 1, 2026. This credit was originally set to expire on July 1, 2030.

Credits cannot be earned after June 30, 2025, and cannot be claimed for filing periods starting on or after July 1, 2026.

Questions?

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

More information

RCW 82.04.4488

Incentive page – Employee Ownership B&O Credit