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EDH offers tax credits for sale

ELLINWOOD — Ellinwood District Hospital has been granted approximately $200,000 in tax credits which can be purchased for the 2011 and 2012 tax years. The tax credits will give the participant a 70 percent state tax credit, and a 100 percent federal tax deduction.

Michelle Kowalsky of the Ellinwood Area Health Foundation said in a letter that they anticipate that the credits will go fast. Once sold, this will give the hospital approximately $275,000 toward a $400,000 clinic renovation.

The last time the credits were offered was in 2006. At that time, the credits were used to update ...


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