Main Street Tax Credit Incentive
Keep your tax dollars local!
If you are a Washington state business who pays Business and Occupation (B&O) or Public Utility Tax (PUT), the Main Street Tax Credit Incentive Program allows you to direct some of your tax dollars to your Historic Downtown!
After receiving approval from the Department of Revenue, your business may receive a credit for 75% of the value of their contribution the following year.
"I contribute to the Main Street program every year because not only does it benefit my city economically, but because I also really look forward to those large credits towards my B&O tax come the first quarter of the next fiscal year!"
-Max Vogt, owner of Windermere Centralia
Pine Street Plaza
Lighted Tractor Parade
Summerfest
Downtown Flower Baskets
Music in the Park
Spring Clean up
Holiday Events and Activities
Business Grants
Founder's Day Celebration
Downtown Banners
Pine Street Plaza Lighted Tractor Parade Summerfest Downtown Flower Baskets Music in the Park Spring Clean up Holiday Events and Activities Business Grants Founder's Day Celebration Downtown Banners
How to give through MSTCIP
-
Sign into your account by clicking "Log In" at dor.wa.gov
Under the Summary tab locate Account and select "More Excise Tax Options"
In the Credits window select "Manage/Apply for a Tax Credit"
Under Main Street Credit Applications select "Add Main Street Application"
Find Centralia Downtown Association, enter your contribution amount and click "Next"
Complete the Authorization information and click "Submit”
-
In full or with installments, final payment due November 1st.
-
Apply your credit to your taxes the following year on the DOR website: dor.wa.gov