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Thursday, May 9, 2013

Seymour offers tax credit program for businesses

SEYMOUR - The Town of Seymour First Selectman’s Office announced Wednesday it will again be participating in the Connecticut Neighborhood Assistance Act Tax Credit Program.

 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. 


The NAA is a wonderful program that offers local businesses and non-profit organizations an opportunity to enter into a mutually beneficial relationship that strengthens the community.
It provides for tax credits of up to 60 percent of contributions made to eligible community programs including job training, education, day care, crime prevention, or programs servicing the elderly, handicapped, or disadvantaged. 

Interested organizations must apply to the Town of Seymour using form ‘NAA-001,’ which can be accessed via the First Selectman’s Office or on the Department of Revenue Services website.  

Applications are due by 5 p.m. June 4. All applications will then be presented for approval to the Seymour Board of Selectmen and subsequently for final approval by the Department of Revenue Services.
Any non-profit interested in participating in the program should contact the Office of the First Selectman at 203-888-2511 with questions.
More information about the program may be found online on the CT Department of Revenue Services website by searching for NAA or by following the link below: http://www.ct.gov/drs/cwp/view.asp?a=1447&q=266058

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