Work Opportunity Tax Credit
Federal tax credit up to $2,400 for new hires from groups that have high unemployment rates or other special employment needs. These groups include, but are not limited to veterans, ex-felons, youth from specific areas, or citizens receiving assistance. Contact: IRS- www.irs.gov or IRS form 5884

Welfare to Work Wage Credit
Two-year federal tax credit for hiring long-term family assistance recipients. The credit is available for 35% of the employee’s first-year qualified wages and 50% for the second-year wages. Contact: IRS- www.irs.gov or IRS form 8861

Workforce Investment Act (WIA) WorkSource
Can fund training costs for WIA eligible new applicants for entry level positions and on-the-job (OTJ) training costs for incumbent workers selected for advancement for higher skilled positions. Contact: Worksource at www.worsourceskc.org or 206-436-8600

Washington’s Job Skills Program (JSP)
Funds half the cost of a customized training program for new or current employees for a business. Employers provide a cash or in-kind match to fund the other half. The training can be provided at the work site or in a classroom. JSP’s central focus is to provide training and employment opportunities for the unemployed, or those at risk of losing their jobs due to technological or economic changes. Funding is provided through licensed educational institutions in Washington.

Small Business B&O Tax Credit
A credit is available for small businesses and is adjusted to the amount of B&O tax liability. The net B&O tax liability must be below $71 for monthly taxpayers, $211 for quarterly taxpayers, or $841 for annual taxpayers. Contact: Washington State Department of Revenue at http://dor.wa.gov or 206-956-3002

Research and Development Business and Occupation Credit
A 1.5 percent business and occupation tax credit can be taken on research and development expenditures other than capital improvements. The specified activities the credit can be applied to are advanced computing, advanced materials, biotechnology, electronic device technologies, and environmental technologies. The credit is limited to $2 million per year. Contact: Washington State Department of Revenue at http://dor.wa.gov or 206-956-3002

High Technology Sales/Use Tax Deferral
A sales and use tax deferral for research and development and pilot scale manufacturing firms in specified high technology categories. These categories include biotechnology, electronic device technology, environmental technology, advanced computing and advanced materials. Prior application with Department of Revenue is required. Contact: Washington State Department of Revenue at http://dor.wa.gov or 206-956-3002

Custom Computer Software 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.

Coming Soon
Information regarding Housing related tax incentives to be posted here soon!