ELIGIBILITY CRITERIA
The Missouri Department of Economic Development (DED) will issue 50% tax credits to an eligible taxpayer who makes a qualified contribution to an approved Neighborhood Assistance Program (NAP) project.
ELIGIBLE DONORS
Businesses only – Corporations, farm operation, financial institution (banks, credit unions, savings and loan associations, credit institutions, farmer’s cooperative credit associations, or building and loan associations), individual partner in a partnership or shareholder in an S-corp, individual reporting income from rental property or royalties, insurance company, limited liability corporation or partnership, partnership, sole proprietorship, small business corporation.
PROGRAM BENEFITS/ELIGIBLE USES
This tax credit can be applied to:
- Ch. 143 – Income tax, excluding withholding tax
- Ch. 147 – Corporate franchise tax
- Ch. 148 –
- Bank Tax
- Insurance Premium Tax
- Other Financial Institution Tax
- Ch. 153 – Express Companies Tax
This credit’s special attributes:
- Carry forward 5 years.
If you are interested in receiving 50% NAP Tax Credits for your qualifying donation, please contact Angela Hudson at angela.hudson@