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Tax Credits

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Invest in Healing. Receive Tax Credit Benefits.

Missouri’s Neighborhood Assistance Program (NAP) tax credits are designed to reduce the amount of taxes you owe, as the donor, while supporting programs that make direct impact in the community.

Benefits to You:

  • Reduce the amount of Missouri taxes owed
  • Receive a tax credit equal to 50% of an eligible donation
  • Support a qualified nonprofit project with direct community impact
  • Make a gift more affordable

How it Works

Donors (typically businesses or individuals with Missouri business income) receive state tax credits equaling 50% of their donation to an approved nonprofit like ReDiscover.

Eligibility

Businesses with Missouri tax liability, individuals who operate a sole proprietorship, operate a farm, have rental property or have royalty income, or Shareholders in an S-corporation, a partner in a Partnership or a member of a LLC.

Gift Amount

Donors generally must make a contribution of $1,000 or more to an approved nonprofit or community development organization to qualify for the credits.

More Time to Maximize Credits

Donors have the tax year in which the contribution was made and the five succeeding tax periods to use the credits.

Investment Leverage

By pairing NAP credits with standard federal and state charitable deductions, donors can make significant contributions at a fraction of the net cost.

Read More at Mo.Gov

Visit the Missouri Department of Economic Development to read more at https://ded.mo.gov/programs/community/neighborhood-assistance-program-nap

How to Apply.

  • Make Your Donation: Contribute the required minimum amount  ($1,000) to a NAP-approved organization such as ReDiscover.
  • Receive and Complete the Application: ReDiscover will provide you with a NAP Tax Credit Application. Fill it out with your donation details and proof of contribution (such as a canceled check).
  • Notarize and Return: Sign the application in front of a notary, then return it to ReDiscover.
  • State Processing & Approval: ReDiscover will forward your notarized application to the state for processing. This usually takes 4 to 6 weeks.
  • Claim Your Credits: Once approved, the state will mail you an official Tax Credit Certificate or approval letter. You can then file this with your state tax return to offset your tax liability (any unused credit can generally be carried forward for up to 5 years).