Neighborhood Assistance Act
Introduction
The Neighborhood Assistance Act tax credit program for education encourages businesses and individuals to contribute directly to neighborhood organizations whose primary function is providing education assistance for impoverished people.
The program allows individuals or businesses to receive tax credits for eligible contributions, as specified in guidelines approved by the Board of Education.
Organizations applying to participate in the program must meet the following criteria:
- Applicants must have been in operation as a viable entity, providing neighborhood assistance for impoverished people for at least 12 months prior to the time an application is submitted to the Superintendent of Public Instruction.
- Applicants must be able to demonstrate that at least 50 percent of the total persons served are impoverished people, and at least 50 percent of total expenditures are for the purpose of providing scholastic instruction or scholastic assistance to impoverished people.
- Applicant’s audit must not contain any significant findings or areas of concern for the ongoing operation of the neighborhood organization.
Resources
- The updated application, guidelines, fact sheets and forms will be available soon.
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