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Virginia's Neighborhood
Assistance Program Credits for Individuals and Businesses
- NAP (Neighborhood Assistance
Program) is a unique program of the Commonwealth which
emphasizes partnerships between the private and public
sectors to assist the economically deprived. State tax
credits are provided as incentives for businesses to
contribute directly to approved nonprofit organizations that
are designed to benefit impoverished people. Contributions
may be in the form of cash, goods, stock, real estate,
professional services, contracting services, and rent/lease
of the participating nonprofits' facilities. In return for
their contributions, businesses receive credits that may be
applied against their state income tax liability.
- To Learn More, Click
Here
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