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.
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).