Job Credits Information
Tacoma is the first and only city in Washington to provide a credit against your local business tax for every new, permanent, family-wage job a business creates. This applies to eligible persons as defined in the Tacoma Municipal Code 6A.30.065.B(2)(a)
~"Eligible person" means a person or company who resides in the City and is engaging in a business activity within the City;
This five-year tax incentive is designed to stimulate business, reward businesses for creating good-paying jobs, and put our citizens to work. That means if you expand your workforce in Tacoma, you can get a credit against the B&O tax of up to $750!
Here’s how it works. You can get a $500 B&O tax credit every year for five years if you:
Add a new job to your Tacoma workforce.
Pay that new employee at least $16.82 per hour in 2010 (see schedule for other years) plus benefits comparable to your industry, no matter what kind of job it is.
|| Minimum Hourly Pay|
Keep that new position for at least five years. If your employee leaves the position, you have three months to refill it without any reduction in the credit.
Maintain records that show the growth in your employment base in Tacoma.
Take the credit against your City of Tacoma taxes each year and attach a supplemental information sheet.
The credit must be taken within 365 days after filling the new position.
Get an extra $250 – a total of $750 – B&O tax credit every year for five years if you add a job as described above, plus BOTH OF THE FOLLOWING:
Do business in international services, such as computer services, engineering, business consulting or other ventures that reach outside the country’s borders.
Add the new job to your workforce in Tacoma within the empowerment zone or "distressed areas" – areas of high poverty and unemployment – as defined by the Washington State Department of Revenue.
City of Tacoma Job Credits Application
City of Tacoma Jobs Credit Economic or Disaster Declaration
More questions or need assistance?
Call the Tax & License Department at (253) 591-5252 or email TaxInfo
Website Problem? Email WebAssist
= Requires Adobe Acrobat Reader. Get it here...