Issaquah businesses can now qualify for a tax credit on their business and occupation tax by contributing to the Downtown Issaquah Association.

A contribution for the benefit of the association, made prior to Dec. 31, 2013, will result in a 75 percent (of the contribution) tax credit in 2014. Donations can be paid in installments.

Businesses also may be eligible to receive a federal income tax deduction for the contribution.

To determine the contribution amount, businesses should review their recent excise tax returns or call their accountant to determine how much state B&O or public utility tax they currently pay.

By directing the B&O tax to the Downtown Association, businesses are supporting downtown and preserving its historical character, said Karen Donovan, the executive director for the Downtown Issaquah Association.

The contributions also will be be used toward community events, flower baskets, light posts, benches, bike racks and holiday lights.

To get the process started, businesses should sign into their e-file account at http://dor.wa.gov andclick credits and tax incentives in the left column.

They also may visit www.downtownissaquah.com for instructions.