MONROE, CT — Municipal agencies and community nonprofits may apply for the 2021 Neighborhood Assistance Act program, allowing businesses who make monetary donations to the organizations to claim a state tax credit.
First Selectman Ken Kellogg recently announced that the town will participate in the NAA program again this year.
“I encourage municipal agencies and community nonprofit organizations to submit proposals under the NAA program,” Kellogg said. “We have many businesses that donate regularly to various community programs. If the business pays corporate taxes, this is an opportunity for them to benefit from a state tax credit.”
Programs that qualify for the NAA tax credit program include, but are not limited to:
- Community services
- Job training & education
- Crime prevention
- Child care services
- Substance abuse prevention or treatment
- Open space acquisition
The minimum contribution on which a tax credit may be granted is $250, and the maximum contribution that any nonprofit or municipal entity can receive under this program is $150,000. Click here for more information regarding this program.
Organizations wishing to receive an application packet, and businesses interested in taking advantage of this program in order to reduce their state corporate tax liability, should call the First Selectman’s Office at (203) 452-2821 or send an email to [email protected]. Or go to the Town’s website at www.MonroeCT.org and look for the Neighborhood Assistance Act Tax Credit Program listed under “News & Announcements.”
All applications must be submitted to the First Selectman’s Office and received by close of business on June 4, 2021 in order to be considered.