Missouri Department of Revenue increases Domestic Violence Shelter or Rape Crisis Center Tax Credit

SPRINGFIELD, Mo. (KY3) -Missourians could make an enormous distinction of their neighborhood and on their taxes. Any donation made to a home violence shelter or rape disaster middle after July 1 is eligible for a tax credit score for as much as 70% of their contribution.

The state raised the Home Violence or Rape Disaster Middle Tax Credit score from 50% to 70%. In-kind donations like meals, clothes and different provides don’t depend towards this credit score. A donation should be between $100-$50,000 in money, shares, bonds, actual property, or different marketable securities.

“We have been simply thrilled to listen to that we have been eligible for 70% tax credit to award to our donors who apply,” stated Government Director of The Sufferer Middle Brandi Bartel. “The reason being that Greene county, specifically, will not be a county that’s designated rural in nature. A number of tax credit which may exist elsewhere are usually not essentially ones that we are able to apply ahead. So that is the one tax credit score we obtain at that 70% stage, and we’re very excited.”

Non-profit leaders hope the tax credit score will likely be an incentive that results in extra donations.

“It prices some huge cash to function a facility that dimension,” stated Jared Alexander, Philanthropy Director for Concord Home. “We’re the biggest within the state of Missouri, actually. The workers that’s required to maintain the place open 24 hours a day, it takes quite a bit to maintain this place going.”

“Regardless that we’re freed from cost, we actually need to pay for salaries, occupancy bills, provides, and issues that each different enterprise has to pay for,” stated Bartel. ”So although these aren’t {dollars} that the state is allocating to our company, it’s a fundraising instrument that we are able to leverage to lift new {dollars} and retain {dollars}.”

Alexander says that for the reason that credit score launched, he has already seen a rise in donations to additional the mission.

“Talking with quite a lot of our longtime supporters, it’s nice information for them as effectively as a result of that’s clearly a tax profit to the donor,” stated Alexander. “It feels good that their reward of their funding in a trigger like Concord Home is getting used correctly, but it surely’s additionally obtained an incredible incentive for them.”

For extra info on the Home Violence Shelter and Rape Disaster Middle Tax Credit score, click on HERE.

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