HOME | SHOPPING | DINING | LODGING | DIRECTIONS | CONTACT US
Main Street Tax Credit Incentive Program
The Gig Harbor Historic Waterfront Association is pleased to announce
the opportunity to put your B&O tax dollars to work here in Gig
Harbor!
In 2009, $1.5 million in tax credits is available statewide and GHHWA can receive up to $133,333 in contributions. Approvals are given each year on a first-come, first-served basis as of January 1.
GHHWA is pleased to offer you this opportunity to invest a portion of your B&O tax dollars in our community and simultaneously benefit your business. We hope that you will consider this unique opportunity.
How do I participate?
1. |
Sign up to e-file with the Washington State Department of Revenue at www.dor.wa.gov. |
2. |
From there, click on Doing Business, then My Account, and Apply for Main Street Tax Credit. |
3. |
Select Gig Harbor Historic Waterfront Association as the recipient and enter your contribution amount. |
4. |
Write a check in the amount of your contribution to Gig Harbor Historic Waterfront Association. All checks must be received no later than December 31, 2009. |
NOTE: The tax credit request must be approved prior to making a contribution to a designated organization. Businesses applying for the credit must be signed up to file electronically (E-file) with the Department of Revenue. Once a business is registered to file electronically, it can logon to its E-file account and click on the Main Street Credit link. The business only needs to know the organizations it intends to contribute to and how much it intends to contribute to apply for the program. The organization (recipient) is the Gig Harbor Historic Waterfront Association. The application is simply a matter of inputting this information. The credit may only be claimed in the calendar year immediately following the calendar year in which the credit was approved by the department and the contribution was made to the program or the main street trust fund. Credits may not be carried over to subsequent years. No refunds may be granted for credits. For more information about the program, visit the Washington State Department of Commerce web site. RCW 82.73
| If your check is for | GHHWA receives: | Your 2009 B&O tax credit is: | Your out of pocket expense is: |
| $1,000.00 | $1,000.00 | $750.00 | $250.00 |
| $1,500.00 | $1,500.00 | $1,125.00 | $375.00 |
| $2,000.00 | $2,000.00 | $1,500.00 | $500.00 |
| $2,500.00 | $2,500.00 | $1,875.00 | $625.00 |
| $3,000.00 | $3,000.00 | $2,250.00 | $750.00 |
| $4,000.00 | $4,000.00 | $3,000.00 | $1,000.00 |
| $5,000.00 | $5,000.00 | $3,750.00 | $1,250.00 |
| $7,500.00 | $7,500.00 | $5,625.00 | $1,875.00 |
| $10,000.00 | $10,000.00 | $7,500.00 | $2,500.00 |
Part of your contribution also qualifies as a 501(c)(3) charitable deduction on your 2009 federal tax return.
Thank you to our 2009 participants:
Water to Wine
The Threshold Group LLC
The Windward Company
Paul Kadzik