Incentives

Businesses may benefit from a variety of incentives, exemptions and deferrals.  The programs below are among the most commonly used economic development incentives available to businesses in the Richland area.  For a complete list, please visit the Washington State Department of Revenue Tax Incentive website.

Businesses in Richland, and Washington State do not pay:
Corporate income tax
Unitary tax
Inventory tax
Personal income tax
Tax on interest, dividends or capital gains

**Businesses in Richland and Benton County pay a business and occupation (B&O) tax based on gross receipts. Leasehold excise tax is due on all leased property and improvements in Washington state. The current rate (2023) is 12.84%. 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.