The Fayette Tribune, Oak Hill, W.Va.

Local News

December 3, 2012

Tax credits available from SALS

If you wish to give and obtain a cash credit in return, consider obtaining a tax credit for giving to one of the housing, youth, education or health programs sponsored by the Southern Appalachian Labor School (SALS).

The Southern Appalachian Labor School has been certified for participation in the 2012-13 Neighborhood Investment Program (NIP). SALS has been awarded $22,580 in tax credits to be given out to donors. Credits can be awarded for donated property, building materials, school and office supplies, equipment, vehicles, stock and cash with a minimum value of $500. Credits are available until June 30, 2013. However, credits given prior to Dec. 31 may be used on your taxes due for the current year.

NIP, administered by the West Virginia Development Office, was established to increase the rate of charitable giving to 501(c)(3) nonprofit organizations in West Virginia. In return for donating cash, personal property, real estate or stock, a business or individual donor can receive a state tax credit worth up to 50 percent of the donation. Credits come off your West Virginia tax return’s bottom line, thereby reducing your taxes due or providing you with a larger refund. You may also deduct the donation from your federal return as a charitable contribution if you itemize. Some in-kind professional services are also eligible contributions.

For more information on donating or volunteering for any SALS program, including New River Safe Housing, Coalfield Housing, The Historic Oak Hill School or the youth programs at the SALS Community Center in Beards Fork, call Vickie Mullins at 304-779-2772 or 304-465-9732; or you may write to SALS, PO Box 127, Kincaid, WV 25119.

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