Youth Opportunity Program
NOTICE:
REQUEST FOR PUBLIC COMMENTS
To view the Draft of 2009 Youth Opportunities Program guidelines and application click here.
To register for a YOP Application Workshop click here.
COMMENT PERIOD: October 7 – October 21, 2008
The Department of Economic Development is seeking public comments on the Draft of the 2009 Youth Opportunities Program (YOP) guidelines and application.
We have revised the content primarily to standardize the Neighborhood Assistance Program (NAP) and Youth Opportunities guidelines. In addition, the following outcomes have been eliminated from the YOP priority outcomes:
1) Decrease the number of at-risk female teens that become pregnant;
2) Decrease the number of youth that have completed alcohol and drug awareness programs and abstain from alcohol and drug use.
There is also a new requirement that an applicant has to enroll in E-Verify, a program conducted jointly by the U.S. Citizenship and Immigration Services and the Social Security Administration. Revisions have been highlighted to make it easier for an organization to see the changes made to the guidelines.
The Department will take into consideration all comments made regarding the proposed revisions. The public comment period for the 2009 YOP guidelines will begin on October 7 and we will accept comments until 5:00 p.m. on October 21, 2008. Please submit your comments to YOP@ded.mo.gov or via fax at (573) 522-4322.
Youth Opportunity Program
To broaden and strengthen opportunities for positive development and participation in community life for youth, and to discourage such persons from engaging in criminal and violent behavior.
AUTHORIZATION
Sections 135.460 and 620.1100 to 620.1103, RSMo
ELIBIGLE AREAS
Statewide
ELIGIBLE APPLICANTS
*Schools and faith-based organizations must meet certain criteria.
ELIGIBILITY CRITERIA
Tax credits are allocated to organizations administering positive youth development or crime prevention projects that have been approved through the application process. Approved organizations secure contributions from their community, and the contributor receives tax credits for those contributions. There are 50% tax credits for monetary contributions and wages paid to youth in an approved internship, apprenticeship or employment project, and 30% tax credits for property or equipment contributions used specifically for the project.
Eligible Projects include:
PROGRAM BENEFITS/ELIGIBLE USES
This tax credit can be applied to:
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Ch. 143 – Income tax, excluding withholding tax
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Ch. 147 – Corporate franchise tax
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Ch. 148 –
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Ch. 153 – Express Companies Tax
This credit’s special attribute:
FUNDING LIMITS
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The Youth Opportunities Program has up to $6 million in tax credits to award annually.
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Each project is limited to $250,000 in tax credits.
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Each contributor is limited to $200,000 in tax credits annually.
APPLICATION/APPROVAL PROCEDURE
There is no deadline for applying. Applications are reviewed as received until funding is depleted.
REPORTING REQUIREMENTS
Quarterly reports, final report and final audit for projects using $25,000 or more in tax credits
CONTACT
Missouri Department of Economic Development
Division of Business and Community Services
Finance Management Team
301 West High Street, Room 770
P.O. Box 118
Jefferson City MO 65102
Phone: 573-751-4539 Fax: 573-522-4322
E-mail: dedfin@ded.mo.gov
To e-mail this web page attach the following URL: http://go.missouridevelopment.org/yop
Business and Community Services
301 W. High Street, Rooms 720, 770 Jefferson City, Missouri 65102
Tel: 1-866-647-3633 Fax: 1-573-751-7384 Email: missouridevelopment@ded.mo.gov |