Contributions of money to approved community development projects serving zone residents and businesses may be eligible for Community Development Project Credits. Sponsors of such projects may use the credits to enhance fund-raising activities. Eligible projects selected for this program can enhance their fund-raising efforts by utilizing a 25% New York State personal or franchise tax credit available to project donors. As an example, if someone makes a $1,000 donation toward a designated project, they will be eligible to use a $250 tax credit toward New York State income or franchise taxes owed in addition to deducting the $1,000 donation amount from their federal taxable income. Contributions of $500 or more may be eligible for the credit.