Submitted
Lieutenant Governor and Secretary of Commerce David Toland today announced $4.13 million in tax credits will be made available under the Kansas Department of Commerce’s Community Service Tax Credit Program (CSP).
“Revitalizing our communities and state requires targeted investments that make people want to live and work in Kansas,” Lieutenant Governor and Secretary of Commerce David Toland said. “CSP supports communities by substantially reducing the cost for donors to make contributions to charitable organizations that help fund important local projects.”
The Community Service Tax Credit Program provides an opportunity for private, non-profit organizations and public healthcare entities to improve their ability to undertake major capital campaigns involving community service, non-governmental crime prevention, youth apprenticeship and technical training, and healthcare services.
Under the program, the state authorizes nonprofit organizations to offer tax credits to donors who contribute to approved projects. Organizations are chosen through a competitive selection process in which applications are thoroughly analyzed to determine award sizes and final awardees.
Proposed projects must be unique or one-time in nature while creating lasting value for charitable organizations. Projects could include a capital campaign, major equipment purchase, major renovation, capacity building and more.
Applications will be open from March 1 through April 30. Those applying may request up to $200,000 in tax credits. Applicants in rural communities with a population of less than 15,000 are eligible for a 70% credit. Those applicants not located in rural areas are eligible for a 50% credit.
If your organization is interested in applying for CSP, the Department of Commerce will host an introductory webinar at 1:00 p.m. Thursday, February 27. For more information and to register for the webinar, click here.