Make a $2,000 Contribution for Only $180
In After-Tax Costs!!
MO NAP Neighborhood Assistance Program Tax-Credits
make it easy to
"Give Generously and Cost Little!"
People doing business in Missouri may receive a 50% Missori State Tax-Credit...Plus traditional Federal and State Tax-Deductions ... for Charitable Contributions which qualify for NAP.
Below are examples, assuming marginal Federal and State tax-rates of 35% and 6% respectively.
NAP-ELIGIBLE CONTRIBUTION $2,000 Gift $5,000 Gift $10,000 Gift
Less: 50% Missouri NAP Tax-Credit ($1,000-) ($2,500-) ($5,000-)
35% Federal Indiv Income Tax Benefit ($ 700-) ($1,750-) ($3,500-)
6% Missouri Indiv Income Tax Benefit ($ 120-) ($ 300-) ($ 600-)
Donor Cost of Contribution $ 180 $ 450 $ 900
Explanation of Missouri NAP Tax-Credit Program -
NAP
permits persons, firms, and corporations doing business in Missouri to receive unique tax benefits for contributing to an NAP sponsored community-based project. Della Lamb Community Services is NAP-sponsored! If you write your Contribution check to Della Lamb Community Services (and otherwise qualify for NAP tax-credits) you could be eligible for a tax-credit to 50% of the value of your gift. This credit must be used in the tax-year in which the contribution was made.
Qualifying Entities Tax Liability Tax-Filing Form
Corporation Corporate, Franchise Tax MO Form 1120
Sole Proprietorship Individual Income Tax Fed Form 1040, Schedule-C & MO Form 1040
Farm Operation Individual Income Tax Fed Form 1040, Schedule-C & MO Form 1040
Rental Property Income
Individual Income Tax Fed Form 1040, Schedule-C & MO Form 1040
Royalties Income Indiv/Reported Individual Income Tax Fed Form 1040, Schedule-C & MO Form 1040
Financial Institution Financial Institution Tax MO Financial Tax Return
Insurance Company Gross Premium Receipts Tax MO Insurance Tax Return with MO Dept/Insurance
Partnership Individual Partners' Income Tax MO Form 1065 (Partnership Gift-Check)
Individual Partner in Partnership Individual Income Tax (Personal Gift-Check, not Partnership Gift-Check)
Small Business Corp S-Corp Indiv Shareholders' Income MO Form 1120-S
Tax, Franchise Tax
Individual Shareholder in S-Corp Individual Income Tax (Personal Gift-Check, not S-Corp Gift-Check)
Limited Liability Corp/Partnership Individual Members Income Tax MO Form 1120, 1120-S, or 1065
Franchis Tax, Fiduciary Tax
NAP Tax-Credits must be applied in the order prescribed by law. Tax advisors should be consulted for individualized application.
