3/24/2015 - Fairfield to Participate in State Neighborhood Assistance Act Program

First Selectman Mike Tetreau announced today that the Town of Fairfield through its Office of Community and Economic Development is again soliciting program proposals from municipal agencies and community non-profit organizations for funding consideration under the State’s Neighborhood Assistance Act (NAA) program.

This program allows businesses to claim a State tax credit for cash contributions made to qualifying community programs conducted by tax exempt or municipal agencies. The types of community programs that qualify for the NAA tax credit program include, but are not necessarily 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 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.

For further information about the Neighborhood Assistance Act Program or to receive an application packet, please contact the Office of Community and Economic Development at (203) 256-3120 or go to the Department of Revenue Services (DRS) website at Businesses wishing to take advantage of this program in order to reduce their State tax liability may also contact the office for further information. All applications must be received by close of business on April 27, 2015 in order to be considered.

The photo shows Mark Barnhart, Director of Community and Economic Development, and First Selectman Mike Tetreau.