Monroe Part Of Neighborhood Assistance Act Tax Credit Program

MONROE, CT — In a move designed to help the community's non-profit organizations, Monroe is again participating in the Neighborhood Assistance Act Tax Credit Program for 2021, First Selectman Ken Kellogg announced Wednesday.

The program allows certain businesses to claim a state tax credit for monetary donations made to qualifying community programs conducted by tax-exempt or municipal agencies.

"I encourage municipal agencies and community non-profit organizations to submit proposals under NAA program," said Kellogg. "We have many businesses that donate regularly to various community programs. If the business pays corporate taxes, this is an opportunity for them to benefit from a state tax credit."

For a business to be considered for the program, it must file an application with the Monroe First Selectman’s Office no later than the close of business on June 4. To receive an application packet, contact the First Selectman’s Office at 203-452-2821 or FS_Office@MonroeCT.org.

Additionally, information can be found on the town's website.

According to Kellogg, some of the programs that qualify for the tax credit program include, but are not limited to:

• Community services
• Job training & education
• Crime prevention
• Child care services
• Substance abuse prevention or treatment
• Open space acquisition

The minimum contribution needed to qualify for the tax credit is $250, and the maximum contribution that any non-profit or municipal entity can receive under this program is $150,000.

For additional information about the program from the state, click here.