Support the continued revitalization of Downtown Camas and receive a tax credit through the Main Street B&O Tax Credit Incentive Program. Pledges are being accepted for 2024 and your investment will grow our downtown efforts!
The Washington State 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.
Follow these simple steps:
Step 1: Visit the WA Department of Revenue website and follow these step by step instructions to make a pledge:
Here are the step by step instructions:
- Go to: https://secure.dor.wa.gov/home/
- Log in
- Click “More Excise Tax Options” link in the Account box
- Click “Manage/Apply for a Tax Credit” link in the Credits box
- Click on “Add Main Street Application” link
- Find Downtown Camas Association and enter the Contribution Amount; click next
- Fill in the required information and click Submit.
- Click here for a pdf of the step by step instructions.
- To learn more: Click here for a video from WA Main Street that does a great job describing the program
Step 2: Before November 15th, 2024 make a donation of the pledged amount to the DCA. If you make a pledge after November 15th, the donation is due by December 31st. You can make the donation online at this link or mail a check to the following address: DCA, P.O. Box 1034, Camas, WA 98607
Step 3: In January 2025, when you go to pay your B&O online, you will have the credit available in your account. It’s really that simple!
Thank you so much for supporting the DCA and Downtown Camas!
Thank you to all our B&O Program Donors! Your support truly makes a difference in the vitality of our downtown.
Here is a slide deck that can be shared describing the program as well.
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Here are more details:
- Donate to the DCA and receive a state B&O tax credit of 75% of the donation amount. Public Utility Tax (PUT) is also eligible for a credit in this program.
- Receive the federal tax deduction as well.
- This is a way to direct your tax dollars right back into your community.
- Pledging for the program starts the second Monday in January.
- Pledging early in the year is best!
- Pledge early but your donation to the DCA can be made as late as November 15th. If you make a pledge after November 15th (if there is still credit available), the donation is due by December 31st.
- Pledges are made on the Department of Revenue website.
- The federal tax deduction can be taken in the same year as the donation and the state B&O credit becomes available starting January of the following year.
- Any donation amount works.
- Credits may not be carried over to subsequent years.
- Any business that pays B&O taxes in Washington can contribute to any Main Street Program in Washington (you don’t have to be in Camas).
- This program is unique to Washington and has been a proven economic catalyst for historic Main Street towns since 2006.
*Please note: Interested contributors can confirm the full extent of these tax benefits with their accountant.
Want to learn more? Contact director@downtowncamas.com or (360) 904-0218. Thank you!