Neighborhood Assistance Program

SPECIAL PROGRAM PRIORITIES TAX CREDIT - 90%

Administered by the Pennsylvania Department of Community & Economic Development (DCED), the Neighborhood Assistance Program (NAP) assists with reviving Pennsylvania’s economy by providing tax credits and targeted assistance to distressed areas and low‐income populations with a strategic focus on community participation and collaboration among residents, nonprofits, and businesses. The Special Program Priorities Program (SPP), a component of NAP, focuses on specific needs of distressed communities, including disaster and economic recovery, blight elimination, and rural initiatives. Businesses assist to meet the challenges of funding through either cash contribution or equipment and/or supplies contribution. The contributing businesses receive a Pennsylvania state tax credits of 90% for their contribution to an SPP project. Specific tax-related scenarios and questions should be directed to your business accountant or tax advisor

Business contributions include:

Cash contribution
Equipment and/or supplies contribution
Job training
Real estate contribution
Technical assistance

Tax credits may be used the year of the contribution and for the five subsequent years after the contribution, for a total of up to six consecutive years. Contributions may be made anywhere within Pennsylvania.

Application Process

Interested businesses submit a letter of commitment to Clarion County Adventures confirming the purpose and amount of the contribution by May 1st each year. Clarion County Adventures applies for SPP tax credits that, if approved, are available for use by the contributing businesses.
The contributor must file the Electronic Clearance Form for Tax Credits available on the PA Department of Revenue’s website, www.revenue.pa.gov/taxcredits.
Upon DCED’s official written approval of the project, the contribution must be made to the applicant within the state fiscal year, between July l of the program year and June 30.
Lastly, the contributor must complete the Application for Tax Credit (Exhibit E) and submit it to DCED with proof of the contribution. See “Accessing Your Tax Credits” below.

Accessing Your Tax Credits

To obtain a tax credit certificate, all contributors must complete the following:

1. Complete and submit the Application for Tax Credit (Exhibit E) under the Neighborhood Assistance Act with proof of contribution to DCED. Examples of proof of contribution include copies of the front and back of a cancelled check, invoices for equipment/supplies, proof of donation of real estate, or invoices for technical assistance. Copies of records such as wire transfers or electronic transfers may be submitted. The completed Application for Tax Credit must be submitted to DCED by December 31st. Completed forms must be submitted via the postal mail or electronically to the NAP email resource account at RA‐DCEDNAPMAIL@pa.gov.

2. DCED will review the submitted forms and, if approved, issue a Tax Credit Certificate Form to the contributor. Notification for the tax record will be provided to Pennsylvania Department of Revenue.

3. The contributor awarded SPP tax credits may exercise four options for use of the credits: (1) Retain and Use, (2) Carry‐ Forward, (3) Sell or Assign, or (4) Pass through to another eligible entity.

Tax credits claimed will be first applied against the unpaid tax liability for the period in which the credit is approved. The tax credit may be carried forward for a maximum of five years. A taxpayer may not carry back or obtain a refund of any portion of an unused tax credit.

Neighborhood Assistance Program

SPECIAL PROGRAM PRIORITIES TAX CREDIT - 90%

WE INVITE YOUR ORGANIZATION TO JOIN OUR EFFORTS

LEASE CONTACT CLARION COUNTY ADVENTURES AT 814-226-9723 FOR DETAILED INFORMATION