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Kennett OAKS Senior Center selling Missouri Tax Credits

The Kennett OAKS Senior Center is the recipient of the building previously occupied by the Visiting Nurses Association (VNA) in Kennett. The building, located at 100 East Harrison, was donated by VNA when they moved to a larger facility in Kennett.  Currently located in the Kennett Housing Authority, the senior center has outgrown the space and is limited to what activities and services can be provided to area senior citizens. To meet the continually growing needs of the senior center, renovations to the donated building are necessary. This costs money!

With the assistance of Laura Ford, administrator of the Kennett OAKS Senior Center, this renovation project has qualified for Missouri tax credits offered to donors through the Neighborhood Assistance Tax Credit Program (NAP) administered by the Missouri Department of Economic Development (DED).

Seventy (70%) of the donated amount is eligible for a tax credit on Missouri taxes. Tax credits must be reported by the Kennett OAKS Senior Center in the year in which the donation is made, however, tax credits can carry over by a donor into the next four succeeding taxable years if not claimed immediately in 2018. The Missouri tax credits will leverage the $500,000.00 needed to complete the center’s renovation.

Eligible Donors:

Businesses only - individuals who operate a sole proprietorship, operate a farm, have rental property or have royalty income are also eligible, as well as a shareholder in an S-corporation, a partner in a Partnership or a member of a Limited Liability Corporation.

Eligibility Criteria:

The Department of Economic Development (DED) will issue 70% tax credits to an eligible taxpayer who makes a qualified contribution to an approved Neighborhood Assistance Program (NAP) project. 

  • Not-for-profit corporations organized under Chapter 355, RSMo;
  • Organizations holding a 501(c)(3) ruling from the IRS; and
  • Missouri businesses.

With much anticipation, the senior center, Laura Ford, and all the seniors that count on the center for meals and services, are looking forward to the completion of the new location in June 2019.

For more information about the Neighborhood Assistance Tax Credit Program, go to the website:  https://ded.mo.gov/programs/community/NAP.

For information about making a donation, contact: Laura Ford, 573-888-9852, kennettoaks@clgw.net or Rhonda Bramlett, 573-335-3331, Ext 112, rhonda@agingmatters2u.com.


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