Washington Employee Ownership Program B&O Tax Credit, a program

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About this program

A one-time business and occupation (B&O) tax credit for the costs of converting a qualifying business to a worker cooperative, an employee ownership trust, or an employee stock ownership plan (ESOP), available beginning July 1, 2024 and capped at $2 million per year statewide on a first-come basis.

Washington SB 5096 (2023)

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Key facts

States served: Washington
Status note: Closed. The Washington Employee Ownership Program ended June 30, 2025, and HB 2047 repeals it effective July 1, 2026; credits awarded through June 30, 2025 may be used until June 30, 2026.

What they finance

Offerings: Tax incentive
Ownership models: ESOP, Worker cooperative, Employee ownership trust
Employee-ownership focus: Exclusive

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Jul 26

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Washington Employee Ownership Program B&O Tax Credit

About this program

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Key facts

What they finance

People

Companies financed

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Curators(1)