Washington tax credits and incentives
Review the program rules and claim timing below, then confirm the requirements with the administering agency.
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
1 program
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Washington small business B&O credit
Tax credit
Maximum $160 per month in the reporting period when at least half of taxable B&O amounts fall in specified service, broker or gambling classifications; otherwise maximum $55 per month. Actual credit depends on the table. [Washington WAC 458-20-104, small business credit]
Check program requirements [Washington WAC 458-20-104, small business credit]
Eligibility, claim steps and deadlines for Washington small business B&O credit
- Who qualifies
- Businesses subject to Washington business and occupation tax that qualify under the small-business credit tables; the calculation depends on taxable activity and liability. [Washington WAC 458-20-104, small business credit]
- What it’s worth
- Maximum $160 per month in the reporting period when at least half of taxable B&O amounts fall in specified service, broker or gambling classifications; otherwise maximum $55 per month. Actual credit depends on the table. [Washington WAC 458-20-104, small business credit]
- How to claim
- Complete the online excise-tax return; Revenue calculates the credit automatically. Paper filers use the appropriate credit table. [Washington WAC 458-20-104, small business credit]
- Deadlines and application windows
- Use the table for your monthly, quarterly or annual reporting period; claim with that return. [Washington WAC 458-20-104, small business credit]
Sources reviewed
Full details and sources for Washington small business B&O credit