- The Washington State Department of Revenue (DOR) can work with impacted companies that request an extension on tax filing.
- DOR may also waive penalties under limited circumstances if a business is late in paying its tax obligation.
- DOR may also work with businesses that cannot file or pay their taxes on time if they are impacted by a declared state of emergency.
- The state is working to compile a larger list of local bankers, financial associations, telecoms, utilities and major employers that may be able to provide relief, such as:
- Deferred bills, waived fees, discounts, no-interest loans and other support.
- Debt and late-penalty forgiveness for companies and workers in order to help keep people employed.
- Favorable credit terms for firms that encounter cash flow problems.
- The federal Small Business Administration (SBA) may be able to provide assistance through the Economic Injury Disaster Loans program to businesses that have suffered substantial economic injury in an eligible disaster area.
Source: Washington State Government