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4
Gains Tax
Credit
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The Rappahannock County La-, -v brary has until June 30 to offer a 60 «, percent Virginia tax credit to bust 4; nesses making donations to the Library. -r4
This is possible under the Vir-. . ginia Neighborhood Assistance pro-, , , gram which gave the Library * a ;; grant of $3,000 in tax credits for the current fiscal year. About $2,500 of ... the grant remains unused and the * fiscal year is in its last quarter. A minimum contributions of $100 is re-4 * quired and contributions will be ac- a cepted up to twice the account..* balance. •
Any business authorized to ope?- ^ ate in the State of Virginia is eligible m It must be a corporation, a sub S corporation, a partnership or a sole pro* prietorship filing a Schedule C, E, or [ F with their tax return. Farmers or [ orchardists meeting any of these re- • quirements are eligible donors. If ft • contributor does not need the tax [ credit for the current year it may be J carried over for as long as five years, j*
The Library must use the money5 received under this program for cap-”" ital expenditures. At the present,, time there is a great need to redotl^jj driveway. The extreme winter ha^3 left the drive very eroded with bacC potholes and little gravel in soipe; places. J
Any contributions wifi be appre-w dated, and anyone having questionsS about the Neighborhood Assistance* Program should call the Library atj 675-3780.
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