Fairfield nonprofits, businesses to benefit under state program

The Connecticut Department of Revenue Services (DRS) has approved nine programs submitted by the town of Fairfield for inclusion in the 2013 Neighborhood Assistance Act (NAA) program.

The NAA program is designed to provide funding to state-approved community programs conducted by municipal agencies or community nonprofit 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 which a tax credit may be granted is $250, and the maximum contribution that any nonprofit or municipal entity can receive under this program is $150,000.

The types of community programs that qualify for the NAA tax credit program include, but are not limited to, energy conservation, employment and training, child care services, neighborhood assistance, substance abuse, open space acquisition, crime prevention programs and affordable housing development.

The following local programs were approved for inclusion in the NAA Program, along with the contribution limits denoted:

• Wakeman Boys & Girls Club — Energy Efficiency Initiative ($87,915)

• Wakeman Boys & Girls Club — McKinley Elementary School Outreach ($25,000)

• Fairfield Police Department — Crisis Intervention Team Training ($10,000)

• Pilot House — Therapeutic Riding & Vocational Support ($150,000)

• Fairfield Senior Center — Senior Exercise & Fitness Program ($20,000)

• Fairfield Senior Center — Front entrance sidewalk replacement ($10,000)

• Fairfield Theatre Company — Saturday Kids ($10,000)

• CT Challenge — Cancer Survivor Wellness Program ($150,000)

• Fairfield Public Library — Bike Lending/Sharing Program ($10,000)

“This is a real ‘win-win’ situation for both the nonprofit groups and the businesses involved,” First Selectman Michael Tetreau said. “On the one hand, community organizations are able to raise much needed funds to help support a number of very worthwhile initiatives that benefit local residents. On the other, businesses that make a charitable gift toward these programs are able to reduce their corporate tax liability.”

Businesses wishing to contribute toward these programs may contact the sponsoring organization or the Department of Community & Economic Development at 203-256-3120.

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