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Updated: 8:13 PM Jul 3, 2008
Kansas Agency Awards Tax Credits to Nonprofits
Donors to 24 nonprofit groups will be able to obtain $4.13 million in income tax credits, thanks to the Kansas Department of Commerce. Posted: 8:13 PM Jul 3, 2008Reporter: AP |
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TOPEKA, Kan. (AP) _ Donors to 24 nonprofit groups will be able to obtain $4.13 million in income tax credits, thanks to the Kansas Department of Commerce.
The agency announced Thursday that it had awarded the groups the use of the credits. The groups can then offer those credits to donors.
For a donation to a group in a rural area, the credit would be equal to 70 percent of the contribution. For groups in other areas, it would be 50 percent.
The largest amount of credits, $250,000 each, went to four groups.
They are Flinthills Services, of El Dorado; Friends of the Mary Cotton Library, of Sabetha; the Kansas Children's Discovery Center,
of Topeka, and the William Newton Healthcare Foundation, of Winfield.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
