Wilton's Town Hall Credit: GOOD Morning Wilton

The following is a press release from the Town of Wilton.

Information and applications to the 2025 State of Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program has just been released by the CT Department of Revenue Services. This program offers a potential funding opportunity for the Town of Wilton and Wilton tax exempt organizations.

The NAA is designed so that a corporation business tax credit can be given to businesses that make cash contributions to municipal and tax-exempt organizations.
Businesses can receive a 100% tax credit of their approved contribution for investments in energy conservation projects and comprehensive college access loan forgiveness programs.

A tax credit equal to 60% of the cash gift is given to businesses that donate to programs that provide:

  • Neighborhood Assistance
  • Job Training
  • Education
  • Community Services
  • Crime Prevention
  • Construction or rehabilitation of dwelling units for families of low and moderate income in the state
  • Donation of money to an open space acquisition fund
  • Childcare Centers
  • Employment and training programs directed at persons with physical disabilities
  • Employment and training programs for recipients in the temporary family assistance program
  • Community-based alcoholism prevention or treatment
  • Any other program which serves a group of individuals where at least 75% of the individuals are at an income not exceeding 150% of the poverty level for the year immediately preceding the year during which the tax credit is to be granted

Businesses wishing to request a tax credit under the CT NAA Tax Credit Program must complete a separate Form NAA-02 for each program it wishes to sponsor. These forms will become available on Sept. 15 on the DRS website’s Neighborhood Assistance Act Tax Credit Program webpage. They will be accepted by electronic submission only to CT DRS until Oct. 1. Questions can be emailed or call 860.297.5687 for more information.

Detailed information on the program for businesses, including how the credits may be applied and the limits and regulations that must be followed are also available on the DRS website.

Organizations wishing to apply to the program should:

The Town of Wilton will be the overseeing municipal agency coordinating and submitting applications from interested Town of Wilton departments and Wilton tax exempt organizations. Town administrators are responsible for submitting all approved projects to the CT Department of Revenue Services (DRS) no later than July 1, 2025. An NAA-01 form will also be completed by the Town and included with each proposal.

For more information about the CT Neighborhood Assistance Act Tax Credit Program, visit the Department of Revenue Service website or contact Hadley Boyd via email or at 203.563.0129, ext. 1145.