Tax Credit Program

Westport Director of Human Services, Barbara Butler announced today that the Town of

Westport is currently accepting applications for the 2014 Neighborhood Assistance Act

(NAA) Tax Credit Program sponsored by the CT Dept. of Revenue Services (DRS). The

NAA program is designed to provide funding for municipal and tax exempt organizations by

providing a corporation business tax credit for businesses that make cash contributions to these

entities.

The NAA program allows businesses to claim a State tax credit for cash contributions made

to qualifying community programs conducted by tax exempt or municipal agencies. The

types of community programs that qualify for the NAA tax credit program include but are not

necessarily limited to: energy conservation; employment and training; child care services;

neighborhood assistance; substance abuse; open space acquisition; crime prevention programs

and affordable housing development. 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. There are no Town funds involved in this program.

Each municipal agency or tax-exempt organization that wishes to participate in the NAA

Program must complete the program proposal application available on the CT DRS website.

This form must be submitted to the municipality for approval by its governing body. All

locally approved programs must be submitted to the DRS no later than July 1.

For further information about the Neighborhood Assistance Act Program please go to the DRS

website at http://www.ct.gov/DRS. Agencies wishing to participate should submit applications

to the attention of Barbara H. Butler, Director, Westport Department of Human Services, 110

Myrtle Ave., Westport, CT 06880 by Wednesday, May 21. The list of participating agencies

will be submitted to the Representative Town Meeting for approval at its meeting on June 3.