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WA
Washington High Technology Business and Occupation (B&O) Tax Credit
A state tax credit for businesses conducting qualified R&D in Washington across advanced computing, advanced materials, biotechnology, electronic device technology, and environmental technology. Reduces B&O tax liability based on R&D spending in the state.
About this program
Claimed via electronic filing rather than as a separate application. Particularly valuable for tech, biotech, and clean-energy R&D. Washington has no income tax — B&O is a gross receipts tax — so this is a meaningful offset.
Eligibility
Washington businesses with active Unified Business Identifier (UBI) and qualifying R&D expenditures in eligible high-tech categories. Must file Washington B&O taxes.
Funding Categories
Tax Credit