Revised Code of Washington - RCW Title 82 Excise Taxes - Section 82.62.045 Tax credits for eligible business projects in designated community empowerment zones

§ 82.62.045. Tax credits for eligible business projects in designated community empowerment zones

(1) For the purposes of this section "eligible area" also means a designated community empowerment zone approved under RCW 43.31C.020.

(2) An eligible business project located within an eligible area as defined in this section qualifies for a credit under this chapter for those employees who at the time of hire are residents of the community empowerment zone in which the project is located, if the fifteen percent threshold is met. As used in this subsection, "resident" means the person makes his or her home in the community empowerment zone. A mailing address alone is insufficient to establish that a person is a resident for the purposes of this section.

(3) All other provisions and eligibility requirements of this chapter apply to applicants eligible under this section.

[2007 c 485 § 4; 1999 c 164 § 307.]

Notes:
     Application -- Effective date -- 2007 c 485: See notes following RCW 82.62.020.

     Findings -- Intent -- Part headings and subheadings not law -- Effective date -- Severability -- 1999 c 164: See notes following RCW 43.160.010.

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Last modified: April 7, 2009