Health Sciences Business Incentives Print E-mail
  • Biotechnology and medical device manufacturing sales and use tax deferral/exemption
  • Business and occupation tax credit for research and development spending for advanced computing, advanced materials, biotechnology, electronic device technology and environmental technology
  • No corporate or personal income tax in Washington State
  • Low Business and Occupation Tax rate for manufacturers
  • Hiring and customized training programs offered by local educational institutions for little or no cost
  • Sales and Use Tax deferrals and exemptions on new equipment and construction costs for new or remodeled buildings (Community Empowerment Zone)
  • New job and job training tax credits (Community Empowerment Zone)
  • Sales and Use Tax exemption for machinery and equipment used for manufacturing, research and development, or testing operations
  • Sales and Use Tax deferral/exemption for construction and equipment purchases for companies conducting research and development and pilot-scale manufacturing in the fields of advanced computing, advanced materials, biotechnology, electronic device technology and environmental technology