NAP Tax credits

Subject: Exclusive Tax Credit Opportunity for Small Businesses

We want to share an exciting opportunity for small businesses that may benefit you and others. Presser Arts Center is offering 70% tax credits through the Missouri state Neighborhood Assistant Program. These credits can significantly reduce tax liabilities while supporting arts education and community enrichment.

This is a fantastic opportunity for businesses looking to maximize their tax savings while making a meaningful impact. We would love your help in spreading the word to those who might be interested in taking advantage of this limited-time offer.

If you’d like more details or know others who may be interested, please don’t hesitate to reach out. We’d be happy to provide further information or answer any questions.

Thank you for your consideration and support in helping businesses benefit from this opportunity while strengthening our community’s arts programs.

"Our mission is to inspire, entertain, and educate people in the arts by providing the finest venue, productions, and programs."

Neighborhood Assistance Program (NAP) Tax Credits

Can you donate to Presser Arts Center and save money on your taxes at the same time?
Yes, through the Missouri Neighborhood Assistance Program (NAP) tax credit program. Your donation costs you pennies on the dollar. As an eligible donor (see below), you can give Presser Arts Center the full benefit of your generous donation while vastly reducing your state and federal tax liability.

Who is eligible to receive NAP tax credits?
Any person, firm or corporation with business income in the State of Missouri. This includes individuals who own and operate their own business, own and operate a farm in Missouri, or receive income from royalties or rental property in Missouri. This also includes corporations, financial institutions, insurance companies, express companies, partnerships and their partners, small business corporations (Scorporations) and their shareholders, limited liability companies and their members. If you are not eligible for NAP tax credits, you should still be eligible to take advantage of the federal and state income tax deductions for your donation.

What are NAP Tax Credits? How do they work?
NAP tax credits act as an incentive to enable you to give more generously to nonprofits, such as Presser Arts Center, that have been allocated credits by the State of Missouri. You have the security of knowing you will—at a minimum— get back 70 cents on the dollar when filing Missouri taxes. (See examples). You claim your credits when you file your Missouri tax return.

BONUS: When receiving NAP credits, you can still claim your full donation on your federal tax return.

The NAP tax credit program also provides an opportunity for businesses, state government, and the nonprofit sector to build and sustain communities by establishing solid public-private partnerships.

What size of contribution is required to receive NAP tax credits?
All donations to Presser Arts Center are appreciated and will be used to pursue our mission. The minimum donation to take advantage of NAP credits is $10,000. Credits are available until our supply is exhausted.
Please call first to check.

Bottom line...how does the program work for you and help Presser Arts Center?
Examples are below. If you have specific tax questions, and to determine how the

NAP tax credits specifically apply to you, please consult your personal accountant or tax advisor.

These examples are calculated based on a donor in the 28% Federal tax bracket.

Donation Amount to PAC $10,000 $15,000 $20,000 $30,000 $50,000

Missouri Tax Credit (70% of gift) ($7,000) ($10,500) ($14,000) ($21,000) ($35,000)

Federal Income Tax Deduction (28%) ($2,800) ($4,200) ($5,600) ($8,400) ($14,000)

State Income Tax Deduction (6%) ($600) ($900) ($1,200) ($1,800) ($3,000)

Additional Federal tax due to

reduction of Missouri Tax*

$2,400 $3,600 $4,800 $7,200 $14,000

Total Net Savings $8,000 $12,000 $16,000 $24,000 $38,000

Your Out-Of-Pocket Cost (Estimated) $2,000 $3,000 $4,000 $6,000 $12,000

Total Benefit to PAC $10,000 $15,000 $20,000 $30,000 $50,000

* Additional Federal tax may occur; consult your tax advisor as to details and exact benefits to you.

Specific Tax Benefit Questions?
The examples above are based on current law, are provided for illustrative purposes only and do not constitute tax advice. Please consult your personal accountant or tax advisor on your eligibility for the tax credits, how they may be utilized in your circumstances, to answer any specific donation questions and to see how the NAP tax credits will specifically apply to you.

Would you like more information on the NAP application process or about Presser Arts
Center?

Contact Katie Azdell 573-581-5592 or katie@presserpac.com.