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| Neighborhood Assistance Program NAP Overview
How to receive state tax credits
Forms
Overview As a VDSS Neighborhood Assistance Program (NAP), Beans and Rice, Inc. has received an allocation of $8,000 in Virginia state income tax credits for the period July 1, 2007 through June 30, 2008. Eligible corporations and individuals making charitable contributions to Beans and Rice, Inc. may receive tax credits valued at 40% of their donation. To be eligible, the criteria below applies:
| Donor | Donation Type | Minimum Donation or Valuation | Tax Credit Value (40% of donation) | | Individual | Cash only | $500.00 | $200.00 | | Business | Cash | $1,000.00 | $400.00 | | Business | Stock | Fair Market Value | 40% | | Business | Merchandise | IRS Standards | 40% | | Business | Real Estate | Appraised Value | 40% | | Business | Rent/Lease | Sq. Footage Rental | 40% |
How to receive NAP state tax credits:
- Print and read the NAP Donor Fact Sheet (.pdf).
- Locate and print the appropriate Contribution Notification Form (CNF) listed in the table below.
- Complete Parts I and II of the CNF and mail it with your contribution to: Beans and Rice, Inc., P.O. Box 397, Radford, VA 24143.
- Beans and Rice certifies CNF and submits it to the Virginia Department of Social Services for review and approval.
- Donor receives Tax Credit Certificate by mail from DSS in 30-45 days.
NAP Contribution Notification Froms
| Donor Type |
Form Name |
Purpose |
Download |
| Business | CNF-A |
Business contributions of cash, merchandise, real estate, or rent/lease |
(PDF)
(DOC) | | Business | CNF-C | Business contributions of professional services | (PDF)
(DOC) | | Business | CNF-D | Business contributions of contracting (construction & trades) services | (PDF)
(DOC) | | Individual | CNF-E | Cash contributions from individuals |
(PDF)
(DOC) | | Business | Services Contribution
Data Sheet |
Donated business staff time for professional services |
(PDF)
(DOC)
| |
