Business Incentives

The city of Everett practices a progressive, business-friendly tax policy. Both Washington State and Snohomish County support this vibrant area’s ongoing economic development. Companies locating to the city of Everett have access to a variety of business incentives, from industry-specific tax breaks to location-based tax deferrals.

Available Programs

  • New jobs tax credit of up to $500,000 for the creation of at least 50 new jobs
  • Biotechnology and medical device manufacturing sales and use tax deferrals
  • Machinery and equipment (M&E) sales and use tax exemptions
  • Multi-family housing property tax exemption in the downtown core

Taxes Not Paid By Everett Residents or Business Owners

  • Corporate state income tax
  • Unitary tax
  • Inventory tax
  • Personal state income tax
  • State tax on interest, dividends or capital gains
For detailed information about the tax system in Washington state for businesses or individuals, contact the Washington State Department of Revenue at 800-647-7706 (in-state) or 800-233-6349 (out-of-state).