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/ Research and Planning / Annual Statistical Report / Community and Volunteer Services / Neighborhood Assistance Program Tax Credits
The Neighborhood Assistance Act Tax Credit (NAP), passed in 1981 by the Virginia General Assembly, is designed to encourage businesses and individuals to contribute directly to an approved 501(c) (3) or 501(c) (4) nonprofit organization that provides services to low-income persons.
A donor who contributes to an approved NAP organization may qualify to receive a tax credit for 65 percent of the donation value.
Contributions from businesses foster partnerships between private and public sector agencies and may take the form of: cash, merchandise, health care services, stock, real estate, professional services, contracting services, mediation services, or rent/lease of the participating nonprofits' facilities. Individuals may qualify for a tax credit for a donation of cash or marketable securities.