WESTPORT, Conn. -- Businesses that contribute to municipal non-profit organizations and programs in Westport have until May 1 to apply for state tax credits.
The town is now accepting applications for the 2017 Neighborhood Assistance Act Tax Credit Program, Westport Director of Human Services Sarah Heath announced. The program gives funding to municipal and tax-exempt organizations by providing a corporation business tax credit for businesses that make cash contributions to these entities. The Connecticut Department of Revenue Services sponsors the program.
The tax credits are given to businesses for their contributions to qualifying community programs conducted by tax-exempt or municipal agencies.
The types of community programs that qualify for NAA tax credits include energy conservation, employment and training, childcare services, programs that serve people on low incomes, open space acquisition, crime prevention and affordable housing development.
The minimum contribution on which a tax credit may be granted is $250. The maximum is $150,000. There are no town funds involved in this program.
Download an application here and send by May 1 to:
Sarah Heath, Director, Westport Department of Human Services, 110 Myrtle Ave., Westport, CT 06880.
The list of participating agencies will be submitted to the Representative Town Meeting for approval at its meeting on Tuesday, June 6.
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