The Connecticut Neighborhood Assistance Act Tax Credit Program is designed to provide funding for municipal and tax exempt organizations by providing a corporation business tax credit for businesses who make cash contributions to these entities, according to the state Department of Revenue Services website.
The program provides tax credits of 60 percent to businesses that contribute to approved community programs put forth by nonprofits. Eligible community programs include job training, education, day care, crime prevention or programs servicing the elderly, handicapped or disadvantaged.
The non-profit organization must apply to the Town of Seymour using form ‘NAA-001’ found on the Department of Revenue Services' website. Applications are due by June 4, 2012 at 4: p.m. All applications will then be presented to the Seymour Board of Selectmen, and upon approval will be submitted to the Department of Revenue Services for final approval.
Any non-profit’s program that has been selected by the DRS will be notified, and will have to secure businesses to donate to their program. Interested businesses would then apply to the DRS for their tax credit.
Any nonprofit interested in participating in the program should contact the Office of the First Selectman at 203-888-2511. More information about the program can be found online on the CT Department of Revenue Services website by searching for NAA or by following this link: http://www.ct.gov/drs/cwp/view.asp?a=1447&q=266058
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