Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Washington |
| Effected Jurisdiction: | King County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | High-Technology Sales and Use Tax Deferral |
| Program purpose: | Research and development |
| Statutory authority: | Chapter 82.63 RCW |
| Abating jurisdiction(s): | State of Washington |
| Applicable taxes: | Sales and Use Tax |
| Method of abatement: | Tax deferral; tax waiver |
| Provisions for recapture: | If the investment project is used for any other purpose at any time during the calendar year in which the investment is certified as operationally complete, or during the next seven calendar years, a portion of the deferred taxes must be repaid immediately. |
| Gross revenue loss: | $721,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $721,000 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://cdn.kingcounty.gov/-/media/depts/finance/financial-management-se... |
