Tax credits to help pay for mammography upgrade
St. Luke Hospital will install new three-dimensional mammography technology that can detect cancer up to 65% better and will sell tax credits to recover the cost.
The $101,724 in credits, approved last week by the state, will allow donors to write up to 70% of their donation off their total state taxes due instead of just deducting the donation from their income.
This means a donor might spend only $30 to generate $100 in revenue to pay for the $213,727.50 equipment, which is expected to arrive this fall.
The hospital auxiliary pledged $25,000 to help with the purchase, and sale of the tax credits is expected to raise $145,325 in cash, hospital marketing director Roger Schroeder said.
Dustin Gale, spokesman for Kansas Department of Commerce, said each applicant approved for the tax credit program got a 22% cut from the amount they requested.
“That was to help more organizations this year in order to assist as many organizations as possible,” Gale said.
Secretary of commerce David Toland said tax credits are a major factor in the success of community projects.
“It’s a great program and I’m excited to be able to participate in this,” Schroeder said. “We did one in 2016 for the Living Center upgrade.”
Schroeder said nothing will change in how the mammography room looks.