Welcome to the answer for customized international relocation assistants and information within WASHINGTON STATE!

WASHINGTON STATE'S INCENTIVES

A business with expansion projects may take advantage of Washington State financial incentives. These incentives are targeted at particular specialized industries or business activity circumstances. some of Washington State financial incentives are targeted to rural or distressed areas. For the beginning of a new business, to use these incentives are a powerful starting point to locate within Washington State

Please keep in mind, RocqueYashi.com is a private web site. Therefore, to take advantage of these financial incentives you must contact Washington State The Department of Revenue

Washington State economical incentive will contribute to the enhancement of the financeial planning success for your business. These incentive will be a great influence while designing your business growth plan. Keep in mind,the greatest starting point in having your business within Washington State are the tax incentives and the cultural diversity community needs. To use one or more of Washington State financial incentives can lead to a outcome of profit increase, a long-term business network, and lower cost structure of your business relocation or expansion path to Washington State

WASHINGTON STATE'S TAX SYSTEM FEATURES:

NO CORPORATE TAX

NO UNITARY TAX

NO INVENTORY TAX

NO PERSONAL TAX

NO Interest, Dividends, or Capital Gains Tax

INCENTIVES

Business & Occupation Tax Credit for New Jobs in Programming or Software Manufacturing - This tax incentive is available to businesses in rural counties that provide programming services or manufacture software. A business may be eligible for a credit for each new qualified position. A credit is earned for up to five years, if the position is maintained.

Business & Occupation Tax Credit for New Jobs - This program, for new employees, which is available to manufacturing, R&D, or computer service firm. A occupation tax is available for each new employment position created and filled by specific industries in rural counties and community empowerment zones.

Biofuel Tax Deduction & Exemptions - A Tax benefit for firms producing biofuels available for sellers of biodiesel and wood biomass fuel, alcohol and wood biomass fuel blends.

Custom Computer Software Property Tax Exemption - Software designed for a specific need for a single person or group of persons is exempt from property tax. Included in the definition is modification of canned computer software.

Extension of tax incentives for aluminum smelters - Extends, through 2011, incentives established in 2004 to encourage investment in aluminum smelting in Washington.

Food Processing Tax Incentives - B&O tax exemption for goods destined for outside Washington. Defers or waives sales and use tax on machinery and equipment, construction costs for new or expanded facility. (Effective 7-1-07) Expands the warehouse remittance program to include cold storage warehouses or fresh fruit & vegetables, dairy products, and seafood products. (Effective 7-1-07)

High Technology Business & Occupation Credit - A tax incentive that is available to advanced computing, advanced materials, biotechnology, electronic device technology, environmental technology. A business can receive an approval of an annual credit of up to $2 million for high technology businesses that perform R&D in specific high technology categories.

High-Technology Sales & Use Tax Deferral - An incentive which is available to advanced computing, advanced materials, biotechnology, electronic device technology, environmental technology. Defers or waives sales and use tax associated with new R&D or pilot scale manufacturing operations, or expanding, renovating or quipping an existing facility to current operation.

Information Technology Help Desk Services Business & Occupation Tax Credit - Help desk services are telephone or electronic communications supplying technical assistance for computer software and hardware. Third party help desk service firms in rural counties are eligible for a 100% tax credit on income received from these services.

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

Main Street Tax Credit Incentive Program - This new incentive program provides a business and occupation (B&O) tax credit or public utility tax (PUT) credit for private contributions given to eligible downtown or neighborhood commercial district revitalization organizations or to the Department of Community, Trade and Economic Development's Main Street Trust Fund for downtown and neighborhood commercial district revitalization efforts.

Motion Picture Competitiveness Program Tax Credit - Tax credit for businesses that make cash contributions to the Motion Picture Competitiveness Program.

Sales & Use Tax Deferral/Exemption - Manufacturers and food processors for hire are not required to pay sales or use tax on machinery and equipment used directly in manufacturing, processing or research operations.

Sales & Use Tax Deferral/Waiver for Corporate Headquarters Locating in Community Empowerment Zone - Available to Business with corporate headquarters locate within a Community Empowerment Zone; invest in qualified buildings, tangible personal property, and fixtures, etc, including labor and planning; and employ at least 300 employees, each who must earn at least the annual average wage for the state for that year .

Timber & Wood Products Industry Incentive - Provides a two-step reduction in the tax rate for extracting and wholesaling of timber and manufacturing of timber or wood products. Partially offsetting these rate reductions is a new surcharge tax rate that takes effect July 1, 2007

WashingtonFilmWorks Contributors B&O Tax Credit (formerly Motion Picture Competitiveness Program) - (moviemakers film incentives) Provides a B&O tax credit for Any Business in Washington that make cash contributions to the Motion Picture Competitiveness Program and file their taxes electronically.

Warehouse Tax Incentive - Allows businesses to exempt 100% of construction costs from the state’s retail sales or use tax (6.5%). The incentive also allows 50% exemption from the state retail sales or use tax for qualifying equipment acquisition costs. General eligibility: Wholesalers, retail distribution centers and third party warehousers; warehouses; warehouses that store finished goods; grain elevators storage capacity.

To gain more updated, new, or more detail information on Washington State's financial incentives, you must contact

Washington State The Department of Revenue