Fairfield News: Local Non-profits and Businesses to Benefit under State Program
#Fairfield CT-- September 14, 2022– First Selectwoman Brenda L. Kupchick announced today that the Connecticut Department of Revenue Services (DRS) has approved six programs submitted by the Town of Fairfield for inclusion in the 2022 Neighborhood AssistanceAct program. The Neighborhood Assistance Act (NAA) program is designed to provide funding to state-approved community programs conducted by municipal agencies or community non-profit organizations. The NAA works with businesses to provide a State tax credit for cash contributions made to these community programs. The program is structured so that businesses that make charitable contributions to a qualified program are eligible to receive a credit, valued at 60% to 100% of the amount contributed, on their State Corporate Income Tax. The minimum contribution on…
