Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Business and Occupation (B&O) tax credit for Washington manufacturers and processors conducting R&D. Credit equals 2.5% of qualifying R&D expenditures against the B&O tax, helping manufacturers defray costs of innovation. Unused credit carries forward up to 5 years.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be a Washington manufacturer, processor, or R&D company
2.Qualifying R&D: systematic investigation for new knowledge or product development
3.Credit: 2.5% of qualifying R&D expenditures
4.Credited against B&O tax liability
5.Unused credit carried forward up to 5 years
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.