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The Neighborhood Assistance Program (NAP) was created in 1981 by the General Assembly to encourage private sector involvement in the alleviation of poverty in Virginia. The ACT (Neighborhood Assistance Law) creates locally designed and locally implemented private sector solutions to social needs generally resolved only with public sector intervention. The program allows for individuals and businesses to be able to receive a state tax credit for donations to approved non-profit organizations that provide services to impoverished people. A business contributing directly to an approved NAP organization may receive a state tax credit for 45 percent of their total contribution. A contributing business may take a maximum of $175,000 in NAP credits for any tax year. The minimum tax credit issued for a business contribution is $400. Tax credits may also be available to individuals or married couples that make cash donations directly to approved NAP organizations. The minimum donation by an individual or a married couple must be at least $500 or no more than $111,111.11. The value of the tax credit is equal to 45 percent of the donation up to a maximum $50,000 per taxable year.For more information
about the Neighborhood Assistance Program,
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