A last-minute push is underway for residents who would like to receive a generous state tax credit while helping furnish and equipment the new Houston library under construction at First and Pine streets.
The 7,200-square-foot building is slated for completion in summer 2025. It will more than double the floor space available to the branch, which has sat at Walnut and First streets for more than 70 years.
Under the special tax break under the Neighborhood Assistance Program, eligible donors receive 70 cents credit for each $1 contributed off their state tax obligation and also receive some deductibility on tax returns. For many, the donation costs little and they get to direct their tax dollars to a local project. The credits can be carried forward for five years and are available on a first-come, first-serve basis. The deadline for 2024 contributions is next month.
ELIGIBILITY
Businesses or individuals with Missouri business income quality, such as: Corporations, S-Corporations, LLCs, sole proprietors, partnerships, insurance companies, financial institutions, individuals operating a farm in Missouri and those with rental property.
For more information, see bit.ly/librarytaxcredits, call 417-838-7840 or 417-260-5707 or stop by the Texas County Library in Houston or call 417-967-2258. Â Checks can also be mailed to: Texas County Library Foundation, 117 W. Walnut St., Houston, Mo. 65483.
