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State and Local Property Tax: Skamania County's
levy rate for the year 2000 was the third lowest rate
in the state.
No Corporate Income Tax
No Personal Income Tax
No Inventory Tax
No Unitary Tax
No Tax on Interest, Dividends or Capital Gains
Sales and Use Tax Exemption Programs: Includes
no tax on the purchase of materials that are to become
components of finished products for sale. Sales &
use tax waived for qualified businesses for machinery
and equipment, facility construction and expansion.
Business and Occupation Tax Credit Programs:
A $2,000 or $4,000 (if wages and benefits exceed $40,000)
credit against the B&O tax for certain businesses
is available for each new employment position created
and filled. An annual credit of up to $2 million is
allowed for businesses that perform research and development
in specified high tech categories and meet minimum
expense requirements.
Community Economic Revitalization Board Loans
& Grants: CERB-administered low cost financing
for public facilities improvements including roads,
sewer and water extensions needed for private development
of new business locations and expansions.
Tax-Exempt Industrial Revenue & Exempt Facilities
Bonds: Issued by public corporations on behalf
of qualifying private-sector projects at much lower
rates than other conventional financing methods. Washington
Economic Development Finance Authority, the state-level
issuing authority for tax-exempt and taxable industrial
revenue and exempt facilities bonds, issued more than
$94 million in bonds for 22 projects with 1,800 jobs
created or retained in the last four years.