2012 Art Biz Incentive Deadline Approaches

Local arts and cultural businesses have less than half a month to apply for tax breaks offered under the city's Arts and Cultural District Incentive program. 

 Established businesses which display or produce artwork and are located within the downtown Arts District are eligible for a $250 reduction in their business license taxes. 

The benefits are greatest for new arts and cultural businesses and established businesses which expand by more than 30 percent. Both types are eligible for a complete reduction of business license taxes for five years and an additional $2,000 off in permit fees. 

Last year, 24 businesses participated in the program. Applications have been mailed to each, plus an additional 20 applications were mailed out to other potentially eligible businesses. 

or nonprofit organization as "primarily engaged in arts, instruction, media arts, performing arts, performing arts venue, visual arts creation or visual arts exhibit," which also includes museums and art offices.

Businesses that do not meet the arts and cultural definition, such as a restaurant or café, may qualify if the establishment hosts year-round, rotating art exhibits open to the public.

Applications must be mailed, delivered or faxed to the  by December 30, 2011.