Why Here?
Locating your business in Clallam County may qualify for these tax advantages:
B &O Tax Credit Training Assistance for New and Expanding Businesses
The new Washington Customized Training Program is a revolving loan fund that covers businesses' up-front training costs and provides a 50 percent Business and Occupation (B & O) tax credit to businesses locating or expanding in the state. The program began on June 7, 2006, and will expire on July 2012. It is administered by the State Board for Community and Technical Colleges. (Second Substitute Senate Bill 6326) For more information on this program, see: http://www.sbctc.ctc.edu.
B & O Tax Credit for New Jobs
What type of businesses: Manufacturing, research and development (R & D), computer service firms. Incentive: A $2,000 or $4,000 (if wages exceed $40,000) credit against the Business and Occupation (B & O) tax is available for each new employment position created and filled by specific industries.
High Technology B & O Credit
What type of businesses: Advanced computing, advanced materials, biotechnology, electronic device technology, environmental technology firms. Incentive: An annual credit of up to $2 million for high technology businesses that perform research and development (R&D) in specific high technology categories.
B & O Tax Credit for Job Training Services
What type of businesses: Manufacturers, R&D (excluding light and power businesses). Incentive: 20 percent of the cost spent on job training. Limited to $5,000 annually.B & O Tax Credit for New Jobs in Programming or Software manufacturing
What type of businesses: Software manufacturers or programming businesses. Incentive: $1,000 per year for every new employment position up to five years.
B & O Tax Credit for Information Technology Help Desk Services
What type of businesses: Help desk services are telephone or electronic communications supplying technical assistance for computer software and hardware. Incentive: Third party help desk service firms are eligible for a 100 percent tax credit on income received.
Read More about the area at: http://www.city-data.com/picfilesv/picv16240.php
