Main Street Benefits from B & O Tax Program

Judy Hinz accepts a check from Sharif Burdzik (l) and Kim Capeloto of Riverview Bank

The Washington State Main Street Tax Incentive Program allows businesses to make a deduction to Ridgefield Main Street, and in return earn a 75% state B & O tax credit for that amount.

Scott and Cathy Hughes of Ridgefield Hardware were the first business to take advantage of this plan, and Riverview Bank presented a check for $1000 at the Main Street meeting on Thursday.

This program is open to all businesses that pay B & O tax, but the deadline to apply is March 15. The money may be paid all at once or in monthly payments until November 15, and our Ridgefield Main Street Program could benefit up to $95,000. With this amount of money the Ridgefield Main Street Program could continue its’ goal to make our downtown a more vibrant, active community.

Interested? Call MaryKay Lamoureaux, , 360-524-2754, for more information

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