Non-Profits, Investors Worry About Proposed Washington State Tax Surcharge Increase | GenomeWeb

By Alex Philippidis

NEW YORK (GenomeWeb News) – Washington state lawmakers are considering more-than-doubling the business and occupation tax surcharge imposed on non-profit research institutes engaged in R&D, as well as their startup spinouts and other biotech businesses — part of an $800 million package of taxes intended to balance a $2.8 billion budget shortfall.

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