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Contribute

The Main Street tax credit incentive program provides a Business & Occupation (B&O) or Public Utility tax (PUT) credit for private contributions given to eligible downtown organizations. Once your business’ donation request is approved by the Department of Revenue, you are eligible for a tax credit worth 75% of the contribution to your downtown revitalization organization.

Businesses statewide can also donate to the Main Street Trust Fund. In this case, the tax credit is worth 50% of your donation. In fact, a business can donate to both up to $250,000. What other program essentially lets you self direct your business taxes? Further, if your downtown organization is a 501C3 you may be eligible for a federal income tax deduction as a charitable contribution.

The Basic Facts:

How Do You Actually Get The Tax Credit?

For more information, visit http://preservewa.org/Main-Street-Tax-Credit-Incentive-Program.aspx

Downtown Association of Yakima

14 S. First Street
Yakima, WA 98901
509-571-1328
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