NAP TAX CREDITS

Minimum Gifts of $2,500 or more to Beyond Housing may be eligible to receive Neighborhood Assistance Program Tax Credits through the state of Missouri.

These tax credits can be used to reduce Missouri tax liability for either Missouri businesses or individuals with Missouri business income. Beyond Housing is able to offer these credits at a rate of 50% of your total donation.

HOW IT WORKS

Step 1: Determine Eligibility
The following contributors are approved to receive Neighborhood Assistance Program Tax Credits:

Business Eligibility Tax Liability Type Schedule Filed
Corporations Corporate, Franchise Tax MO Form 1120
Farm Operation Individual Income Tax Federal From 1040, Schedule F, MO Form 1040
Financial Institution Financial Institution Tax MO Financial Tax Return
Individual partner in a Partnership of shareholder in an S-Corp Individual Income Tax Federal Form 1040, Schedule E, MO Form 1040
Insurance Company Gross Premium Receipts Tax MO Insurance Tax Return with the MO Dept. of Insurance
Limited Liability Corporation or Partnership Individual Members Income Tax, Franchise Tax, Fiduciary Tax MO Form 1120, 1120S, or 1065
Partnership Individual Partners’ Income Tax MO Form 1065
Sole Proprietorship Individual Shareholders’ Income Tax, Franchise Tax Federal Form 1040, Schedule C and MO Form 1040
Small Business Corporation (S-Corp) Income Tax MO Form 1120S

Step 2: Make a minimum contribution of $2500 to Beyond Housing to claim Your Neighborhood Assistance Program Tax Credits

Step 3: Receive and Complete Your Neighborhood Assistance Program Tax Credit Application
Once your gift has been received, Mary Kate will send you a Neighborhood Assistance Program Tax Credit application. You will be required to fill out the application, provide proof of donation and have the application notarized.

Step 4: Return the Completed Application to Beyond Housing
After returning your completed application to Beyond Housing we will sign-off on the application and send it to the Department of Economic Development in Jefferson City for processing. It typically takes 4-6 weeks for applications to be processed at which time you will receive a letter from the Department of Economic Development which includes the information you need to claim your tax credits.


IF YOU WISH TO RECEIVE NEIGHBORHOOD ASSISTANCE PROGRAM TAX CREDITS PLEASE EMAIL:
Mary Kate Hoerr, Executive Development Assistant
mhoerr@beyondhousing.org or call 314-376-5871 for an application.

IF YOU HAVE QUESTIONS ABOUT TAX CREDITS AND HOW THEY WORK, PLEASE CONTACT:
Becky Moss, Chief Development Officer
bmoss@beyondhousing.org or call 314-376-5827 to learn more.