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The NAA program is designed to provide funding to state-approved community programs conducted by municipal agencies or community nonprofit organizations, according to a press release. The community programs must first be endorsed by the host municipality before they are submitted to the State Department of Revenue Services. If approved, the NAA allows businesses to claim a state tax credit for cash contributions made to these community programs, according to the release.
The program is structured so that businesses that make charitable contributions to a qualified program are eligible to receive a credit, valued at 60 percent to 100 percent of the amount contributed, on their State Corporate Income Tax. The minimum contribution on which a tax credit may be granted is $250, and the maximum contribution that any non-profit or municipal entity can receive under this program is $150,000. There are no local funds involved, according to the release.
The types of community programs that qualify for the NAA tax credit program include energy conservation, employment and training, child care services, neighborhood assistance, substance abuse, open space acquisition, crime prevention programs and affordable housing development.
The town received applications from the following groups, according to the release:
- Wakeman Boys & Girls Club – After School Programming
- Wakeman Boys & Girls Club - McKinley Elementary School Outreach
- Operation Hope of Fairfield – Community Hunger & Homelessness Services
- Pilot House - Therapeutic Riding & Vocational Support
- Notre Dame High School – Energy Efficiency Upgrades & Construction
- Notre Dame High School – Educational Outreach & Operating Support
- Fairfield Theatre Company - Saturday Kids
- CT Challenge - Cancer Survivor Wellness Program
- Junior Achievement of Western CT – Financial Literacy & Life Skills Development
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