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By Michele Smith
the Times 

Dayton Development Task Force is asking you to consider putting your B&O tax dollars to work locally

 

December 5, 2019



DAYTON-The Dayton Development Task Force (DDTF) is asking businesses to donate a portion of their B&O taxes to help with projects that contribute to economic development, in the core of Dayton's downtown.

DDTF President Bette Lou Crothers said if a business owner made a $1,000 pledge to the DDTF, in 2020, $750 of that will pay for the B&O taxes that business owner would need to pay the following year, in 2021. The other $250 is a tax deductible donation to the Task Force.

Crothers said the next round of pledges must be made between Jan. 1, 2020 and Mar. 1, 2020 and the money needs to be received by the DDTF no later than Nov. 15, 2020.

It's not hard to pledge, Crothers said.

You must first be registered with the Department of Revenue to file your taxes online.

To have your tax credit approved, go to the Department of Revenue website at: dor-wa.gov/and log into your account.

Click on 'Credits and Tax Incentives' on the left side of the home page.

Select "Apply for Main Street Credit" from the drop-down list.

Click to get started.

Select Dayton Development Task Force as your recipient.

Enter the contribution amount. (Your contribution amount and the 75% credit will be shown.)

Click "Reserve Credit" and hit "Next."

Check the box to "Agree" and enter your name and position in your business.

Click "Submit."

The next page will show "Application Accepted," and also your eligible contribution, and tax credit available.

The state will send you information regarding the available tax credit.

Crothers said pledges are reported to the Washington Main Street Tax Incentive Program Coordinator.

In 2005 the Washington State Legislature passed the Washington Main Street Tax Incentive Program, to earmark state Business and Occupation and Public Utility Taxes for approved downtown revitalization programs. As a 501 C 3 tax exempt organization, the Dayton Development Task Force can receive up to $133,000.00 annually.

For more information contact DDTF President Bette Lou Crothers at the Dayton State Farm Office or by email at: bette.l.crothers.b7jm@statefarm.com or contact Marcene Hendrickson by phone at: (509) 382-4860 or by email at: pmhend@bmi.net.

 

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