Support the continued revitalization of Downtown Cle Elum and receive a tax credit through the Main Street B&O Tax Credit Incentive Program! The program is now open for 2023.
The Washington State Main Street B&O Tax Credit Incentive Program allows businesses to make a donation to the Cle Elum Downtown Association, (a Washington Main Street 501c3 organization) and in return, earn a 75% state B&O tax credit on that amount.
Follow these simple steps:
Step 1: Visit the WA Department of Revenue website and follow these step-by-step instructions to make a pledge:
- Go to: https://secure.dor.wa.gov/home/
- Log-in
- Click “More Excise Tax Options” link in the Account box.
- Click “Manage/Apply for a Tax Credit” link in the Credits box.
- Click on “Add Main Street Application” link.
- Find Cle Elum Downtown Association and enter the Contribution Amount; click NEXT.
- Fill in the required information and click Submit.
- Click here for a pdf of the step by step instructions.
Step 2: Before October 1, 2023 complete your contribution by mailing or dropping off a check made out to the Cle Elum Downtown Association (CEDA).
Mailing Address: P.O. Box 106 Cle Elum, WA 98922
Physical address: 218 E 1st Street Cle Elum, WA 98922
Step 3: In January 2024, when you go to pay your B&O online, you will have the credit available in your account. It’s really that simple!
Thank you so much for supporting CEDA and our downtown businesses!
Thank you to all our B&O Program Donors in 2022! Your support makes a difference in the vitality of our downtown.
Here are more details:
- Donate to the CEDA and receive a state B&O tax credit of 75% of the donation amount. Public Utility Tax (PUT) is also eligible for a credit in this program.
- Receive the federal tax deduction as well.
- This is a way to direct your tax dollars right back into your community.
- Pledging for the program starts the second Monday in January.
- Pledging early in the year is best!
- Pledge early but your donation to the CEDA can be made as late as October 1.
- Pledges are made on the Department of Revenue website.
- The federal tax deduction can be taken in the same year as the donation and the state B&O credit becomes available starting January of the following year.
- Any donation amount works.
- Credits may not be carried over to subsequent years.
- Any business that pays B&O taxes in Washington can contribute to any Main Street Program in Washington (you don’t have to be in Cle Elum.)
- This program is unique to Washington and has been a proven economic catalyst for historic Main Street towns since 2006.
*Please note: Interested contributors can confirm the full extent of these tax benefits with their accountant.
Want to learn more? Contact [email protected] or (509) 433-7330. Thank you!
