NAA Applications Due June 3, 2022
The Connecticut Neighborhood Assistance Act (NAA) 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. Each municipal agency or tax-exempt organization that wishes to participate in the NAA Program must complete in its entirety Form NAA-01. Applications are due by Friday, June 3, 2022 and must be submitted directly to the Town Manager’s Office, 84 South Main St., Cheshire, CT 06410. Interested organizations wishing to learn more about the program and/or have specific questions should visit the State of Connecticut Department of Revenue Services website as the Town’s role is primarily administrative.
Applications are approved by the municipality’s governing body and forwarded to Department of Revenue Services (DRS). Once an organization is approved by the state, 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.