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Downtown benefits from tax credit donations

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CHELAN — Fifteen local businesses contributed more than $127,300 last year to the Historic Downtown Chelan Association as part of a state tax credit program.

The donations will help the HDCA sponsor $8,000 worth of ice carving blocks for this month’s Lake Chelan Winterfest and help fund downtown’s hanging flower baskets, a new program to erect plaques on designated historical buildings and other projects.

Donations to the Main Street Tax Credit Incentive Program allow businesses to cut their state business and occupation taxes by an amount equal to 75 percent of their annual donation. “The tax credit gives businesses a choice about where their B&O taxes dollars are spent,” said Cindy Salazar, HDCA’s executive director.

The 15 area businesses and organizations participating in 2013 were: Campbell’s Resort, Chelan Printing and Custom Signs, Chelan Vacation Properties, city of Chelan, Coldwell Banker, Lake Chelan Sports, Orondo Cider Works, NCW Appraisal, Riverwalk Books, Sage Rentals, Spirals, Terwedo Financial Services, the Dock Company, the Variety Store and Zippy Disposal Service.

For more info on the HDCA or the tax credit program, call Salazar at 682-4322.

 

Reach Mike Irwin at 509-665-1179 or . Read his blog Everyday Business or follow him on Twitter at @MikeIrwinWW.