TaxIncentiveFlyer
Put Your State B&O Taxes To Work Here In Port Townsend Through The Main Street Tax Incentive Program.
The Port Townsend Main Street Program is pleased to offer the opportunity to put your state B&O tax dollars to work here Port Townsend through the work of our program.
In 2005, the Port Townsend Main Street Program (PTMS) worked with other revitalization programs across the state to introduce and help pass legislation creating a state B&O Tax Credit Incentive Program for businesses investing in local downtown revitalization programs like ours.
If you make a contribution to PTMS before December 31, 2012:
75% of your donation is returned to you via B&O tax credits in 2013.
In addition, your entire contribution may qualify as a 501(c)(3) charitable deduction on your 2012 federal income tax return.
In 2012, $1.5 million in tax credits is available statewide. The Port Townsend Main Street Program can receive up to $133,333 in contributions. Approvals are given each year on a first-come, first-served basis as of January 1.
The Port Townsend Main Street Program invites you to put your state B&O tax dollars to work here in our community and simultaneously benefit your business. We hope that you will consider this unique opportunity.
To participate:
EACH YEAR, BUSINESSES MUST SIGN UP AGAIN TO PARTICIPATE IN THE TAX INCENTIVE PROGRAM.
PLEASE FOLLOW THESE 4 EASY STEPS IN THIS SEQUENCE:
1. Sign up to e-file with the Washington State Department of Revenue at www.dor.wa.gov.
2. From there, click on List of Services, then Apply for Main Street Tax Credit, and Get Started.
3. Select The Port Townsend Main Street Program as the recipient and enter your contribution amount.
4. Write a check in the amount of your contribution to The Port Townsend Main Street Program. All checks must be received no Part of your contribution also qualifies as a 501c3 charitable deduction on your 2011 federal tax return, and the entire amount may be tax deductible—check with your accountant.
If you have questions, contact Tiffany Volkman at the Department of Revenue at (360) 902-7126 or email tiffanyv@dor.wa.gov.
If you need further information, please call our Local Main Street Tax Credit Incentive Expert:
Tina Flores-McCleese/Clarity Enterprises at (360)385-9963 or email: tina@clarityei.com
Or call the Port Townsend Main Street Program at (360)385-7911,
Email director@ptmainstreet.org
THANK YOU TO OUR 2011 PROGRAM PARTICIPANTS:
Kitsap Bank
Don’s Pharmacy (360) 385-2622
First Federal
Sirens Pub
SOS Printing
The Silverwater Cafe
The Mount Baker Block Building
Olympic Art & Office (360) 385-3141
Elevated Ice Cream & Candy Company
The Port Townsend Jefferson County Leader
The Printery
Maestrale
Shea-Carr-Jewell
The Food Coop
Health Harmony Vistas
Olympus.net
Terrapin Architecture
Port Townsend Shirt Company and
The Walkable Livable Communities Institute
The Wineseller