Central Grants Administration

Neighborhood Assistance Act

Expand Central Grants Administration Menu [ + ]

Neighborhood Assistance Act

2014 Neighborhood Assistance Act Applications due to the City of Hartford April 30, 2014 - 3:30PM

2014 NAA Announcement

2014 NAA Submission Instructions

2014 NAA-01 Application 

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.  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 Department of Revenue Services. Any tax credit that is not taken in the income year in which the contribution was made may be carried back to the two immediately preceding income years (beginning with the earlier of such years).

  2013 NAA Program Sponsorship Final Summary 

 The program has several statutory limits, including the following:
  • A business is limited to receiving $150,000 in tax credit annually.
  • A non-profit organization is limited to receiving $150,000 in contributions in the aggregate.
  • The minimum contribution on which credit can be granted is $250.
  • The program has a five million dollar cap, which, if exceeded, results in proration of approved donations.

For more information on this program see: 

    1.   Information Publication 2013(9) - CT NAA Tax Credit Program 

    2.  Online Guide to Connecticut Business Tax Credits

 

Click to Expand Menu [ + ]

HARTFORD CITY HALL ADDRESS: 550 Main Street, Hartford, CT 06103 PHONE: (860)757-9311 HOURS: 8AM - 5PM