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About NAP
NAP emphasizes partnerships between the private and public sector to assist the economically deprived. State tax credits are provided as an incentive for businesses and individuals to contribute directly to an approved nonprofit organization designed to benefit impoverished people. Business contributions may be in the form of cash, goods, stock, real estate, professional services, contracting services and rent or lease of the participating nonprofit's facilities. Individual contributions are limited to cash or marketable securities. In return for their contributions, businesses and individuals receive credits that may be applied against their state income tax liability.
Eligibility for NAP is limited to nonprofit organizations whose primary function is providing assistance for impoverished people. Several of the activities sponsored by the program are education, job training, housing assistance, health care clinics and community services. Organizations wishing to participate in NAP must submit an application to the Office of Community Services no later than the first business day of May. NAP applications are available in March of each year.
Businesses contributing directly to an approved NAP organization and individuals or married couples donating cash or marketable securities may receive tax credits equal to 40 percent of the donation.
Forms
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