Perry & Carlson and Windermere Skagit Keep Tax Dollars Local

The MVDA shares our thanks to B&O Tax Credit Supporters Perry & Carlson and Windermere Skagit Valley! Trina Perry has been an MVDA Board Member since 2018, and Perry & Carlson became B&O Tax Incentive Partners this year, for 2019.

Windermere Skagit Valley became a downtown B&O supporter in 2018, and we look forward to welcoming Megan O’Bryan as our newest MVDA Board Member in the near future. Their service and support are invaluable to our Downtown and community at large.

Perry & Carlson and Windermere Skagit Valley both take advantage of the Main Street Tax Credit Incentive Program (MSTCIP) 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?!

Tax Credits open in January 2020, be sure to let the Dept. of Revenue know that you want to keep your dollars here before March 30. You have until November 2020 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.