For those looking at making year-end donations to help with their 2024 tax obligations, there is an extra bonus this year: 70 percent state tax credits available for the Texas County Library under construction in downtown Houston at First and Pine streets.
The Missouri Department of Economic Development issued the special credits to the Texas County Library Foundation, which is building the 7,200 square foot structure that more than doubles the size of the current library. Completion is slated for summer 2025.
The new $2.5 million library offers an expanded children’s section, a meeting room, a business center with tools for entrepreneurs and many public computers with internet for use by patrons.
Here is how the tax credits work
For each $1 donated, the contributor receives 70 cents toward their state tax obligation. The balance can be declared as a charitable donation for additional tax savings.
The Neighborhood Assistance Program is popular because it allows taxpayers to direct their payments to a local project rather than state coffers. (The credits also can be carried forward for up to five years if the taxpayer desires)
For more information, call the Louise Beasley, library director, at 417-967-2258 or foundation members at 417-838-7840 or 417-967-5707. The credits are available on a first-come, first-service basis. There is a limited amount available. Checks must be deposited before the end of the year to receive credit on 2024 taxes. The mailing address is: Texas County Library, 117 W. Walnut, Houston, Mo. 65483.
Members of the foundation board are: Janet Fraley, Houston; Dala Whittaker, Cabool; Sheila Walker, Houston; Linda Roberts, Licking; Brad Gentry, Houston; Terry Jones, Cabool; Ross Richardson, Houston; Gwen Ross, Eunice; and Cathy Sirdoreus, Bucyrus.
