75% Tax Credit – Businesses receive a state B&O tax credit equal to 75% of their contributed amount, keeping tax dollars working locally.

Eligibility – Businesses must be registered to file state excise taxes electronically to participate.

How to Pledge – Pledges must be submitted online through the WA Department of Revenue, selecting the Downtown Walla Walla Foundation as the credited community.

Payment Timeline – Contributions can be made throughout the year, but the full pledged amount must be received by November 1, 2025.

Tax Credit Usage – The tax credit must be applied in the year following the contribution and cannot be carried forward.

Limited Availability – After March 31, 2025, tax credits are first-come, first-served statewide, and availability is not guaranteed.

Exact Payment Required – Contributions must match the pledged amount exactly. If a business needs to adjust its pledge, it must contact the WA Department of Revenue before making a payment.

January 13, 2025 (8 a.m.) – Pledging opens. $121,951.23 in tax credits is guaranteed for the first quarter.

March 31, 2025 – Last day to guarantee a tax credit.

April 1, 2025 (8 a.m.) – Any unclaimed credits are redistributed statewide on a first-come, first-served basis until the total statewide cap is reached. Once the statewide cap is met, no additional pledges will be accepted.

November 17, 2025 (5 p.m.) – Last day for businesses to ensure their contributions are received if they pledged on or before this date.

November 18, 2025 – Any unclaimed or canceled credits are redistributed statewide on a first-come, first-served basis.

December 15, 2025 (5 p.m.) – Final deadline for all contributions.

What is the Main Street Tax Credit Incentive Program?

This program allows businesses to redirect their B&O or Public Utility Tax to the Downtown Walla Walla Foundation instead of sending it to the state. In return, businesses receive a 75 percent tax credit on their B&O tax bill the following year.

Why should I participate?

Your tax dollars stay local, supporting downtown businesses, events, and economic development. You receive a 75 percent tax credit, and your contribution may also qualify for a federal tax deduction (check with your accountant).

Who is eligible?

Any Washington business that pays B&O or Public Utility Taxes and files electronically.

When should I pledge?

Pledge by March 31, 2025, to guarantee your tax credit as long as funds are available within our local cap. After that, unclaimed credits go into a statewide pool and become first come, first served. The later you wait, the higher the risk of missing out.

What happens after I pledge?

After pledging through the WA Department of Revenue, wait for confirmation. Once approved, we will send you an invoice.

When do I need to pay?

Your full contribution must be received by November 1, 2025, to receive your tax credit.

Can I pay immediately after pledging?

No. Wait for confirmation from the Department of Revenue before submitting payment.

When can I use my tax credit?

Your 75 percent tax credit will be available in your DOR account in January 2026 to apply to your 2025 B&O tax bill.

Can I carry forward unused tax credits?

No. Tax credits must be used in the year they become available.

Can I also deduct my donation on federal taxes?

Possibly. Since DWWF is a 501(c)(3) nonprofit, your contribution may qualify as a charitable deduction. Check with your accountant for details.

Pledge: The amount of B&O tax liability you commit to redirecting to DWWF through the Main Street Tax Credit Incentive Program.

Contribution (or Donation): The full amount you contribute to DWWF after approval.

Tax Credit: The amount the state credits to your account, equal to 75% of your contribution, applied to your 2025 B&O tax bill.

Apply: The process of submitting your pledge through the WA Department of Revenue to secure your tax credit.