Taxes on Business Income in Washington

April 13, 2006

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As in every other state, the state of Washington has various types of taxes. All of these types of tax are full of exceptions and extremely specific requirements. Below we have gone through the major types of tax that affect small businesses. Our intent is to give you a general understanding of when the various taxes will apply to you and what they will mean to your business.

Franchise tax is required from most corporations doing business in Washington.
Income tax on business income is referred to as the Business and Occupation Tax in Washington.
Personal income tax is not assessed in Washington.