Fourteen communities in Fairfield County are among those to receive approval of programs submitted to the Connecticut Department of Revenue Services for inclusion in the 2019 Neighborhood Assistance Act program.
The NAA Tax Credit program provides a corporation business tax credit for businesses that make cash contributions to organizations”™ approved program proposals. Businesses can receive a credit of 60% of their approved contribution to certain programs — or 100% in the case of certain energy conservation programs — approved by the DRS.
The minimum contribution on which a tax credit may be granted is $250, while the maximum contribution that any nonprofit or municipal entity can receive is $150,000.
The types of community programs that qualify for the NAA tax credit program include, but are not limited to: energy conservation; employment and training; child care services; neighborhood assistance; substance abuse; open space acquisition; crime prevention programs; and affordable housing development.
Thirty-one projects were approved for Bridgeport groups, including Big Brothers/Big Sisters of Southwest Connecticut; the Bridgeport Neighborhood Trust; and the Bridgeport Public Education Inc. Four projects were approved in Brookfield, among them WestCOG Foundation Inc.
Nineteen Danbury groups were approved, including the Danbury Animal Welfare Society Inc., Regional YMCA of Western Connecticut; and Women”™s Center of Greater Danbury Inc.
Easton”™s Historical Society of Easton was approved, as well as 12 organizations in Fairfield, including Connecticut Against Gun Violence Education Fund Inc.”™s “ENERGY – To Prevent Gun Violence” program and its “Community Organization and Information Delivery to At-Risk Residents” initiative, as well as the Fairfield County Community Foundation.
In Greenwich, seven organizations were approved, including Boys & Girls Club of Greenwich, Kids in Crisis Inc. and Young Men’s Christian Association of Greenwich Inc. Three groups in Monroe were also approved.
Thirteen associations in Norwalk received approvals, including Maritime Aquarium, Broad River Homes, and Human Services Council Inc. Five Shelton groups were approved, including Boys and Girls Club of the Lower Naugatuck Valley.
Ten Stamford organizations received approvals, including Inspirica Inc., Mill River Collaborative, and Stamford Center for the Arts.
Two groups in Stratford received approvals, as did three in Trumbull and 12 in Wilton.
The full list can be found here.
