Did you know that you can donate to LMSA and receive 75% of your donation back as a tax credit on your B&O taxes next year? Your donation will stay right here in Langley, supporting all the outstanding projects LMSA manages—from edible gardens to historic preservation, as well as events throughout the year.
Per the Washington State Department of Archaeology & Historic Preservation, the Main Street tax credit incentive program provides a Business & Occupation (B&O) or Public Utility tax (PUT) credit for private contributions given to eligible downtown organizations. Once your business’ donation request is approved by the Department of Revenue, you are eligible for a tax credit worth 75% of the contribution to your downtown revitalization organization. What other program essentially lets you self-direct your business taxes? In addition, because LMSA is a 501c3, you may be eligible for a federal income tax deduction for your charitable contribution.
We encourage you to take advantage of the program by pledging your donation by March 31st each year. Pledges can begin the second Monday of the new year. Your contribution must be received by Nov 15. If you are interested in learning more about this amazing program, don’t delay! Click on any of the links below or connect with us via our Contact form to set up a time to chat.
Click here to read and/or download Washington State’s Main Street Tax Credit Incentive Program brochure.
Click here to read step-by-step instructions.