Washington's excise taxes apply to all business activities conducted in the state. Corporations, partnerships, sole proprietorships, joint ventures, nonprofit organizations, limited liability organizations, etc., conducting business in this state are all subject to these taxes, even if they do not have an office here.
Available to:
Persons who make qualified contributions.
Qualifying activity:
Contributions made to the Equitable Access to Credit Program through the Department of Commerce.
Reporting/documentation:
Intended audience: Manufacturers and processors for hire with research and development operations.
On July 25, 2022, the Board of Tax Appeals (BTA), a separate agency from the Department of Revenue, issued a decision in Terrapower LLC v. Dep’t of Revenue, BTA Docket No.19-065 (2022) that concluded a manufacturer does not need to manufacture items for sale to qualify for the retail sales tax exemption on purchases of qualifying machinery and equipment used in its research and development operation if all other requirements are met.
Attend a free tax workshop to learn about your tax reporting responsibilities. We will discuss tax classifications, deductions, sales tax collection, and recordkeeping requirements. You'll also have the opportunity to ask questions about taxes that apply specifically to your business.
The following is a brief summary of the tax-related bills passed by the Legislature and signed into law by Governor Inslee during the 2022 legislative session.
Intended audience: Manufacturing and research and development companies locating in rural counties.
Effective July 1, 2022, persons conducting manufacturing and research and development activities in certain designated counties can apply for a sales and use tax deferral for certain investment projects.
Qualified buildings and qualified machinery and equipment located in counties with a population of less than 650,000 at the time of application.
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