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 2011 $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, 2011. |
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 <https://fortress.wa.gov/dor/efile/Content/DoingBusiness/MyAccount/FortressL
ogon/> ) 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
RCW
82.73, Washington
State Department of Archeology and Historic Preservation.
| If your check is for | GHHWA receives: | Your 2011 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 2011 federal tax return.
Thank you to our 2011 participants:
FOURNIER & ASSOCIATES INC
GIG HARBOR FLY SHOP
GLEIN INVESTMENTS
MCKENZIE RIVER RESTAURANTS INC
PAUL KADZIK, DDS
REAL CARRIAGE DOOR
COMPANY
S SQUARED LLC
STEFFEN & HINZ, PLLC
THE WINDWARD COMPANY
THRESHOLD GROUP LLC
WATER TO WINE
WILLIAM LUBKEN, DDS
WILLIS MARKETING