Pennsylvania Neighborhood Assistance Program Tax Credit Program
				Erie Arts Opportunity
							Sponsored by Erie Arts Opportunity Local Education Fund, Inc.

 

							Cumbersome grant agreements have been eliminated. Instead, businesses receive notification letters granting project approval and requiring proof of contribution to utilize the actual tax credits.
			Pass-through entities such as S-corporations, business trusts, joint ventures, general or limited partnerships and limited liability companies are now NAP-eligible organizations. Typically, pass-through entities do not pay state taxes and therefore, can transfer their NAP tax credits to their shareholders, members or partners. Real estate development companies and law firms that are set up as pass-through entities can now participate in NAP and earn tax credits.