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Form Rev 41 0091 - Aerospace Credit For Aerospace Product Development Spending By Non-Manufacturers Page 2

Aerospace Credit for Aerospace Product Development

Spending by Non-Manufacturers

Effective July 1, 2006, there is a B&O tax credit equal to 1.5% of qualified aerospace product development

expenditures in the Non-Manufacturing Aerospace Product Development for others.

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This credit can accrue for expenditures made on and after January 1, 2008, through December 31, 2008.

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When filing your December 2008 excise tax return, you must complete this form using the actual amounts of

expenditures, tax, and credits.

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The credit should be reported under the Credits section of the excise tax return for periods starting

January 1, 2008.

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The credit cannot exceed B&O taxes due for any reporting period.

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Unused credit accrued from January 1, 2008, through December 31, 2008, may not be carried forward.

New Credit: Effective July 1, 2008, there is a B&O tax credit equal to 1.5% of qualified aerospace product

development expenditures incurred by certified FAR 145 repair stations. This form must be completed each time the

credit is taken. The form can be found within E-file on the “credits” page. Any unused credit accrued after July 1,

2008, cannot be carried over beyond the calendar year in which the qualifying expenditures are incurred.

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Credit may not be claimed for expenditures for which a credit is claimed under RCW 82.04.4452 (High

Technology Research and Development B&O Tax).

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Pre-approval is not required from the Department of Revenue to use the credit, but this form must be filed

when the credit is taken.

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E-filers: Mail your signed form to:

Taxpayer Account Administration

PO Box 47476

Olympia, WA 98504-7476

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Paper Filers: Attach this form to your Department of Revenue Combined Excise Tax Return. Don’t

forget to make a copy for your records.

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You must also file an annual report by March 31 of the following year.

For tax assistance, visit dor.wa.gov or call (360) 902-7175. To inquire about the availability of this form in an

alternate format for the visually impaired, please call (360) 705-6715. Teletype (TTY) users please call 1-800-451-7985.

REV 41 0091 (06-02-08)

Form Rev 41 0091 - Aerospace Credit For Aerospace Product Development Spending By Non-Manufacturers Page 2