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! Please pledge by September 30th to ensure participation in this program.
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. 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.
————————————————————-
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.
- 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!