WINDHAM HOSPITAL FOUNDATION APPROVED
FOR TAX CREDIT PROGRAM
WILLIMANTIC -- The Windham Hospital Foundation is among seven non-profit agencies approved for inclusion in the 2012 Neighborhood Assistance Act (NAA) Program. This means that qualified business entities in Connecticut are eligible for a tax credit when they make charitable contributions to these agencies before the end of the calendar year.
“We are pleased to have been approved for this incentive program that benefits businesses as they support worthy charitable organizations in the community,” commented Shawn Maynard, Executive Director of the Windham Hospital Foundation.
The NAA program is designed to promote funding for municipal and tax exempt organizations by providing a corporation business tax credit for businesses which make cash contributions to these entities. The minimum contribution is $250 and the maximum is $150,000.
Businesses can receive a credit of 60 percent of their approved contribution (or 100 percent in the case of certain energy conservation programs) to any of the programs on the 2012 approved list.
Each business requesting a tax credit under the Neighborhood Assistance Act Program must complete a brief form NAA-02 for each program it wishes to sponsor. Form NAA-02 must have an original signature and be mailed or hand-delivered to the Department of Revenue Services on or after September 15 but no later than October 3, 2012. Additional information and forms can be obtained at www.ct.gov/drs.