Peoples Bank & WildFibers: Keep Tax Dollars Local

The Mount Vernon Downtown Association thank returning B&O Tax Credit Supporters WildFibers and Peoples Bank! Downtown business WildFibers has been an MVDA partner since 2010, and Peoples Bank since 2012.

WildFibers and Peoples Bank both take advantage of the Tax Credit program in Washington state that allows businesses to keep their B&O tax dollars in the community where they do business, rather than sending them to Olympia for redistribution elsewhere.

It is surprisingly simple: businesses can make a donation to a Main Street Community (like Mount Vernon), and then take a credit of 75% of that donation against their state B&O taxes owed in the next calendar year. In addition, since the Mount Vernon Downtown Association is a 501(c)3 organization, there could be federal tax benefits as well! Why not keep your tax dollars here in our community, where they can be put to work toward making this great place even better?!

The 2019 Tax Credits opened up January 14, so be sure to let the Dept. of Revenue know that you want to keep your dollars here before March 30. You have until November to make the donation. To learn more about how to make your pledge to DOR, and/or for more information about the program, please contact Ellen Gamson, MVDA Executive Director at director@mountvernondowntown.org, or (360) 336-3801.