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Neighborhood Investment Program

The Neighborhood Investment Program (NIP) was established by the West Virginia Legislature in 1996 to increase charitable giving to local non-profit organizations. The program allows 501©3 designated
charitable organizations to apply tax credits vouchers. These organizations then distribute the vouchers to businesses and individuals who contribute to the organizations. By donating to approve NIP organizations, contributors can support their communities and earn credits to reduce certain West Virginia Taxes.

Donors may use the credits to reduce liability for the following West Virginia Taxes:

            Corporate Net Income Tax
            Business Franchise Tax
            Personal Income Tax


Frequently Asked Questions:

What types of contributions are eligible for tax credits?
Contributions can be in the form of cash, personal property, real estate, stock and in-kind professional services. The minimum eligible donation is $500.

What is the program timeline?
The program is administered according to the state fiscal year, from July 1 to June 30. To be eligible for tax credit, contributions must be made after the organization has been approved.

What are the limitations of the credits?
There are three primary limitations on the use of the tax credits:

 The amount of the credit allowable must be taken within a five-year period, beginning with the tax year in which the donation is made.

 A donor may receive no more than $100,000 annually in NIP tax credits.
 
A donor cannot use NIP tax credit to reduce total tax liability on any one tax by more than 50 percent annually.

How are the tax credits reported?
Contributors to a participating organization will receive a tax credit voucher that lists the amount of the contribution (form WV-NIPA-1). Simply attach the voucher along with a program worksheet (form WV-NIPA-2) to the appropriate West Virginia tax form and Deduct the tax credit amount from the tax due amount.
For more information, please contact taxpayer services, 1-800-982-8297 or email
wvtaxaid@tax.state.wv.us

 

The Seeing Hand Association, Inc.
750 Main Street
Wheeling, WV 26003
1-304-232-4810
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