NAA Tax Credit

Hey Companies … Did You Know That You Could Make A Donation to St. Martin’s and Receive A Connecticut Tax Credit!

The Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program provides funding for tax-exempt organizations by offering a corporation business tax credit for C Corporation businesses who make contributions between $250 and $150,000 to an approved non-profit – which St. Martin’s is! The tax credit may be applied for this year’s taxes or up to two year’s back against the following taxes:

Chapter 207 (Insurance Companies and Health Care Centers);
Chapter 208 (Corporation Business);
Chapter 209 (Air Carriers);
Chapter 210 (Railroad Companies);
Chapter 211 (Certified Competitive Video Service Companies);
Chapter 211 (Community Antenna Television System Companies);
Chapter 211 (Satellite Companies); and
Chapter 212 (Utility Companies).

If you are a C Corporation (or know someone who is or might be one) please consider completing this one-page online form between now and October 1, 2023.

View/complete the form here: Connecticut Neighborhood Assistance Act (NAA-02) Business Firm Information Form

Corporations will receive a tax credit document from the CT Department of Revenue Services for the amount of their contribution to be submitted with their taxes. You do not have to make the gift to St. Martin’s today – just before the end of the calendar year. This is a great, no-extra cost to you way to help SMPA raise money needed for our HVAC/MEP energy efficiency upgrade project! 

You can read more about the program here.

Or call or email Wendy Natter at St. Martin’s with questions (203) 772-2424 / wnatter@saintmartinacademy.org.

NOTE: The cap on the total amount of credits that may be granted annually is $5 million. If the proposals submitted to CT DRS claim credits in excess of the cap, such credits will be prorated among the approved organizations.