Learn How Businesses Can Take Advantage of Tax Credit Program

On behalf of the City of Meriden, we are pleased to announce the application process for the 2024 Connecticut Neighborhood Assistance Act Tax Credit Program. 

The Connecticut Neighborhood Assistance Act Tax Credit Program provides tax credits to businesses that make cash investments in qualifying community programs conducted by non-profits or municipal agencies.

Businesses can receive a credit of 60% of their approved contribution to certain programs (or 100% in the case of certain energy conservation programs) approved by the Connecticut Department of Revenue Services. 

To qualify for the program, non-profit organizations must submit an application to the City. Applications are due no later than Friday, June 7, at 5:00 p.m. by email to jallam@meridenct.gov.

A public hearing to discuss applications received is scheduled for Wednesday, June 12, at 5:00 p.m., in City Council Chambers, 142 East Main Street, Meriden, CT.  The City will vote on their endorsement before submitting the packet to the State Department of Revenue Services (DRS) by July 1, 2024 for final approval.

A notice confirming the date of the public hearing has been published in the Record Journal and on the City website. 

In the fall, DRS will distribute the list of approved programs and businesses will be invited to complete the second Neighborhood Assistance Act (NAA-02) form to identify which program(s) they wish to fund.

It is the responsibility of applying nonprofit organizations to identify and notify businesses, who may be interested in funding their projects. 

For more information, please contact the City of Meriden at (203) 630-4105 or visit the Department of Revenue Services Neighborhood Assistance Act (NAA) website.