Colville Together, a Washington State Main Street Program, is offering the Main Street Tax Credit Incentive Program to our local businesses; any business in Washington State that pays Business & Occupation taxes through the online portal is eligible
The Main Street Tax Credit Incentive Program allows local businesses to self-direct their tax dollars to stay in Colville, instead of going to the state. When local businesses donate directly to Colville Together in 2022, they receive a 75% tax credit on their Business & Occupation Taxes for 2023. This is great for the community and good for the business. Colville Together uses the donated funds for our downtown projects, including the Façade & Building Improvement Grant, improvements to Heritage Court, downtown business support, and downtown business networking opportunities. The money stays here in Colville and directly impacts downtown Colville – the heart of our community.
In 2021, received donations totaling $29,700 from the following businesses: Vaagen Timbers, Fogle Pump and Supply, Colmac Coil Manufacturing, Colmac Industries, Home Suite Home Furnishings, Saundra’s Furniture, RE Lee Shoe Company, Re-Imagined Home, Colville Bookkeeping, and R&R Design. This resulted in $22,275 in tax incentives for those businesses.
Colville Together has a cap of over $100,000 that can be accepted in donations, so there is plenty of opportunity for Colville businesses to participate in the program. The deadline to apply is March 31, 2022, and all contributions need to be made by November 1, 2022. If you would like to self-direct your taxes to stay in Colville please contact Rosemary Shaw at 509-684-4571 or email her at email@example.com.