NOTE: The Main Street Tax Program has capped for 2017. If you are interested in participating in this program in 2018, let us know!
The Main Street B&O tax credit incentive program allows businesses to make a donation to the Downtown Camas Association (a Washington Main Street 501c3 organization) and in return, earn a 75% state B&O tax credit on that amount. In addition, the donation is eligible for a federal tax deduction.
This program allows donors to help direct their tax dollars right back into our downtown revitalization efforts which help us all!
Follow these simple steps to enroll:
Step 2: Before the end of the year, make a donation to the DCA. You can make the donation online at this link or mail a check to the following address.
Downtown Camas Association, P.O. Box 1034, Camas, WA 98607
Step 3: Next year, when you go to pay your B&O online, you will be given the amount of your credit in a drop down menu and asked how much you would like to apply. It’s really that simple!
It’s simple and easy to enroll.
Businesses applying for the credit must be signed up to file electronically with the Department of Revenue. Once logged on to your E-file account, click on Credits and Tax Incentives, then on the Main Street Credit link, choose Downtown Camas Association and follow the directions. The credit can be claimed in the calendar year immediately following the calendar year in which the credit was approved and the donation was made to the program. Credits may not be carried over to subsequent years.
*Please note: Interested contributors can confirm the full extent of these tax benefits with their accountant.
Want to learn more? Contact email@example.com or leave a voice message at (360) 216-7378 and we will return your call.