Community Donations Keep Street Lights LitPosted by IDO on Feb 14, 2017 in Blog, East Side Indy, IDO News, Irvington News | 0 comments
We have two announcements about the street lights included in IDO’s Streetscape project that has revitalized our Washington Street business corridor with infrastructure improvements, additional lighting and landscaping, and bike racks. IDO is responsible for paying the light bill for the 30 street lights, which costs $12,000 annually.
NAP tax credits reward donors. IDO’s tax credit allocation to help donors to the street lights fund has been extended. It’s a great way for you to help the Streetscape stay bright, clean, and green while also saving some green on your taxes. The state offers Neighborhood Assistance Program (NAP) tax credits to individuals and businesses who donate to eligible programs, including the Streetscape.
For the next two months, up to $1,158 in donations to the street lights fund are eligible for a direct credit against the taxpayer’s state tax liability up to 50% of the donation amount. The minimum donation is $100 and it must be made before March 31, 2017. So for a $100 donation, you can take $50 off what you owe in state taxes. You can also claim the full $100 as a deduction on your federal taxes if you itemize, further lowering your out-of-pocket costs. For more information on how you can help the Streetscape and save money, contact firstname.lastname@example.org.
HICC pledges an annual donation. At its January meeting, Historic Irvington Community Council voted in favor of supporting streetscape maintenance with an annual $2,000 contribution to the street light fund. That’s five streetlights and 17% of the bill! Thanks especially to council Vice President Mike Spilbeler, who introduced the donation to the council for approval.