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Washington's Aerospace Tax Incentives: Does your company qualify?
In late August the Department of Revenue reported that 222 of the 650 aerospace companies operating in Washington were taking advantage of one or more of these incentives:
- Reduction in B&O Tax
- B&O Tax Credit for property taxes paid for new and upgraded facilities
- B&O Tax Credit for R&D expenditures
- Sales tax exemption on computers and peripherals
Since this is the third year most of these incentives have been available there is some
question as to why only 34% of eligible companies are taking them. John Monroe,
retired Boeing Executive and AFA Board Member, believes the AFA must significantly step
up its member awareness of the States incentive package in 2010.
Contact Linda Lanham at firstname.lastname@example.org
discuss your companies' potential savings.