Women's Center of Greater Danbury Approved For Tax Credit Program

Danbury CT

13 September, 2021

8:52 AM

Description

DANBURY, CT — The State of Connecticut Department of Revenue Services has announced that it has approved a proposal from The Women's Center of Greater Danbury for inclusion in the 2021 Neighborhood Assistance Act Tax Credit Program. The NAA Tax Credit Program is designed to provide funding for municipal and tax exempt organizations by offering a corporation business tax credit for businesses who make cash contributions to these entities. Businesses can receive a credit of 60 percent of their approved contribution to the Domestic & Sexual Violence Services Program run by the Women's Center. The Center is limited to receiving $150,000 in contributions in the aggregate. Businesses interested in requesting a tax credit under the CT NAA Tax Credit Program must electronically submit Form NAA-02 through the DRS website for each program it wishes to sponsor. The contribution must be cash, and needs to be made in the corporation's income year that corresponds to the same year as the approved program. Form NAA-02 will be available on the DRS website for electronic submission starting September 15 through October 1, 2021. Submissions that are mailed, hand delivered, or emailed will not be accepted. Questions can be emailed to [email protected] or contact (860) 297-5687 for more information.