The Verde Valley Cyclists Coalition (VVCC) and Chain Reaction are thrilled to announce that donations to Verde Valley Bikes-for-Kids™ now qualify for the Arizona charitable state income tax credit worth up to $400/$800 depending on filing status. Taxpayers filing as “single”, “head of household” and “married filing separate” status may claim a maximum credit of $400. Taxpayers that file as “married filing joint” may claim a maximum credit of $800. Tax credits reduce the amount of tax owed to the state or increase the amount of the taxpayer’s refund, dollar-for-dollar. There is NO NET COST to the donor.
Verde Valley Bikes-for-Kids™ focuses giving kids in grades K-12, especially those participating in the National School Lunch Program (“NSLP”) access to bicycles, helmets, and active lifestyle encouragement. Verde Valley Bikes-for-Kids™ works with Verde Valley public schools – Cottonwood and West Sedona currently where ~64% of students qualify for free lunches under the NSLP – providing funds and volunteers for the schools’ mountain bike clubs and bike rodeos. In addition, Verde Valley Bikes-for-Kids™ provides free bike helmets to kids at the Sedona Celebration of Spring and grants supporting the Sedona Mountain Bike Club National Interscholastic Cycling Association team.
Verde Valley Bikes-for-Kids™ is a newly formed joint venture of the VVCC and Chain Reaction. Both the VVCC and Chain Reaction are IRS designated 501(c)3 non-profit organizations and Chain Reaction was certified as an Arizona Qualified Charitable Organization on March 8, 2018. Directed by VVCC board member Rich Leever, donations to Verde Valley Bikes-for-Kids™ can be made through the VVCC (as an umbrella organization for Chain Reaction) by clicking here.