Incentives

Local


Businesses in Snohomish County benefit from a wide range of tax incentives, exemptions and deferrals. For complete information, please visit the Washington State Department of Revenue tax incentive website or contact the department at 1-800-647-7706.
In Snohomish County and Washington State, businesses pay:

No corporate income tax
No unitary tax
No inventory tax
No personal income tax
No tax on interest, dividends or capital gains
Businesses in Snohomish County pay a business and occupation (B&O) tax based on gross receipts, and state and local property tax with annual increases subject to statutory limitations. Information on Snohomish County property taxes is available from the Snohomish County Assessor’s Office.

More information on Washington State tax rates and policies is available from the Washington State Department of Revenue. 
Employers hiring veterans may be eligible for special tax credits and incentives. More information is available through the U.S. Department of Veterans Affairs Veterans Opportunity to Work web portal.

Special Tax Incentive Zones

Special tax incentive zones in Snohomish County include an International Services District in Everett where business and occupation (B&O) tax credits are available for employers creating new jobs dedicated to providing certain services to international customers. For more information, visit the Washington State Department of Revenue’s tax incentive website and related FAQ sheet (pdf).