From Frances Caldwell
We appreciate the value of the investment (residents) have made in Wetzel and Tyler County. That’s why we would like to offer (them) an opportunity to take advantage of tax credits that ArtsLink is being allowed to distribute by the West Virginia Development Office.
Under the Neighborhood Investment Program (NIP), we have been awarded a limited number of tax credits that you can apply against your Corporate Net Income Tax, your Business Franchise Tax, and/or your Personal Income Tax.
In this program, donors who give at least $500 may receive a tax credit of 50 percent. That’s a minimum of $250 you can subtract from your state tax obligation.
While you can’t use credits to reduce your obligation by more than half in one year, you can spread your credits over a total of five years! Please check with your income tax professional as to whether you can use these credits on your 2008 taxes.
Additionally, you can still earn a Federal Tax Deduction for the entire amount of your donation, which could make your actual dollar donation as little as a third of the amount you give.
We only have a few tax credits remaining in our 2009 award and we need to distribute them no later than June 30, 2009, or we will have to return them to the state. These credits are awarded on a first-come, first served basis; and we must have your check in order to issue the credits.
Because of the support we have received from so many people in Wetzel and Tyler counties, ArtsLink has been able to offer area residents concerts, drama, art classes, and art exhibits.
Our schedule of activities continues to grow and the Francis Arts Center is contributing to the economic and social environment to the area.
If you have been considering a contribution, this is the time to make it happen. I look forward to hearing from you.
If you have any questions or need any further information, please don’t hesitate to contact me at 304-455-5092 or Donna Earley at the ArtsLink office at 304-455-2278.