The Town of Windsor will be participating in the State of Connecticut’s 2014 Neighborhood Assistance Act (NAA) Tax Credit Program. The NAA Program, administered through the state’s Department of Revenue Services, benefits eligible non-profit organizations and municipal entities, by providing a financial incentive to corporate donors. Donors approved for participation receive a 60% tax credit against their corporate state tax liability, and up to a 100% tax credit for certain energy conservation projects as well as employment and training projects, subject to certain restrictions. Organizations wishing to take advantage of this program are responsible for soliciting their own contributions from eligible corporations. The town’s role in the program is limited to 1) marketing the program to eligible entities, 2) holding a public hearing to solicit public comment on all applications received, 3) having the governing body of the town act upon all applications, and 4) submitting all approved applications to the Department of Revenue Services for consideration.
Please find the enclosed information material detailing the particulars of the NAA Program. If, after reading the material, you determine that your organization would like to participate in the program please complete an application (form NAA-01) and submit it to the Office of Community Development, 275 Broad Street, Windsor, CT 06095. You may also download the form from the drs website at: http://www.ct.gov/drs.
Applications should be submitted directly to the Office of Community Development at the Town Hall, 275 Broad Street, Windsor, CT. Applications are due by 4:30 p.m., May 23, 2014.
Should you have any questions please contact Jim Hallisey at 285-1985.