Credit

Small business credit

B&O Tax credit · RCW 82.04.4451 · enacted 1994

All exemptions & deductions

Details

Citation
RCW 82.04.4451
Study reference
E1158-1
Tax type
B&O Tax
Preference type
Credit
Category
Business
Year enacted
1994
End date
None scheduled

Fiscal impact (2024 study estimates)

Revenue if repealed — local ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
Revenue if repealed — state ($M)
FY 2024: 0 · FY 2025: 53 · FY 2026: 102.9 · FY 2027: 107.4
Taxpayer savings — local ($M)
FY 2024: 0 · FY 2025: 0 · FY 2026: 0 · FY 2027: 0
Taxpayer savings — state ($M)
FY 2024: 95 · FY 2025: 98.9 · FY 2026: 102.9 · FY 2027: 107.4

CTI = confidential taxpayer information · D = unable to disclose

From the 2024 DOR Tax Exemption Study

Home Forms & Publications Forms By Subject Inserts For Excise Tax Returns Print Inserts for Excise tax returns In an effort to reduce printing and postage costs the inserts listed below will no longer be mailed the excise tax returns. Combined excise tax return instructions - Monthly | Quarterly | Annual Local Sales & Use Tax Addendum Local Sales & Use Tax Flyer Lodging Addendum Lodging Flyer Public Utility Tax Addendum Small Business Credit (SBC) Table - Monthly | Quarterly | Annual

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This is reference data from the 2024 study — not advice, and 2025–26 legislation may have changed it. Three ways to go deeper: