Washington has no income tax, which means Section 179 and bonus depreciation are a federal-only conversation here. What Washington does have is a business and occupation tax on gross receipts, some of the highest combined sales tax rates in the country, and an economy that runs on aerospace, data centers, two of the busiest ports on the West Coast, and the orchards, wheat, and timber east of the Cascades.
We place Washington files with lenders that fund on both sides of the mountains, from a Tacoma site-work contractor to a Yakima orchard to a Spokane carrier. Options in 24 to 48 hours on a soft inquiry.
Who we finance in Washington
What is driving equipment demand in Washington
- Sound Transit light rail expansion across the Puget Sound region.
- The Interstate Bridge Replacement on the Columbia River, shared with Oregon.
- The data center cluster in Quincy and Grant County continues to grow.
We work with businesses across Washington, including Seattle and Bellevue, Tacoma, Spokane, Vancouver, and Yakima and the Tri-Cities, and the rural counties in between.
Sales tax and income tax on equipment in Washington
Tax rules change and depend on your facts. Confirm with your accountant before relying on any of this.
Trucks, trailers, and titling in Washington
- Apportioned registration for interstate carriers through the Washington Department of Licensing.
- Off-road equipment is not titled.
Where Washington buyers find equipment
We finance equipment from any dealer, auction, or private seller. Dealers and auctions our Washington customers use include NC Machinery (Caterpillar, Washington and Alaska), Pape (Kenworth trucks and Case construction equipment). Get pre-approved before you go so the seller sees a buyer who can close.
Equipment we finance
Excavators · Dozers and loaders · Skid steers · Semi trucks · Trailers · Farm equipment · Cranes and lifts
About financing in Washington
Equipment financing in Washington is arranged through Land Tech Capital's network of third-party lenders and lessors. Land Tech Capital is a New York based commercial finance broker, not a lender, and does not hold a Washington license. Your financing agreement will be with the lender or lessor, who provides any disclosures Washington law requires. No fee is charged to you before funding, and we are paid by the lender when a deal closes.
Questions we get
Does Section 179 help me in Washington?
On your federal return, yes, in full. Washington has no income tax, and the business and occupation tax is on gross receipts, so there is no state deduction to worry about.
Do you finance orchard and hop equipment?
Yes. Tractors, sprayers, platforms, and harvesters for tree fruit and hops go on ag programs, some with annual payment schedules.
Do you finance drayage tractors for Seattle and Tacoma?
Yes. Port drayage is a common Washington file, new and used, based on time in business and credit.
