To promote innovation and industry growth, Washington State offers an array of tax incentives for the aerospace industry, including reduced or deferred tax credits and sales and use tax exemptions.

• B&O tax opportunities include:
  • Rate reductions.
  • Credit for qualified aerospace product development expenditures.
  • Credit for property or leasehold excise taxes paid on property.

• Sales and use tax incentives are available for:
  • Computer hardware, software and peripherals.
  • Construction of new facilities for airplane repair and maintenance.
  • Construction of new facilities used to manufacture commercial airplanes, fuselages or wings of computer airplanes.

For more information, visit the Washington State Department of Revenue website.