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 to get an instant 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
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.