Project Warmth In Monroe Approved For Neighborhood Assistance Act

**News Release Submitted by Monroe First Selectman Terrence Rooney**

Aug. 29, 2024

First Selectman Terrence Rooney announced that some businesses may be eligible to receive a credit on their State Corporate Income Tax by donating to the Town’s Project Warmth program. The Connecticut Department of Revenue Services (DRS) has approved Project Warmth under its Neighborhood Assistance Act (“NAA”) program for 2024.

The NAA is designed to increase funding to state-approved community programs conducted by municipal agencies or community non-profit organizations. Businesses that make monetary, charitable contributions to a qualified program approved by DRS may be eligible to receive the credit.

Project Warmth, which provides need-based energy assistance to Monroe residents through the Town’s Community & Social Services department, has been approved for a credit of 60% of approved contributions, up to a maximum of $24,000. The minimum contribution on which a tax credit may be granted is $250.

Businesses may request a tax credit under the NAA Tax Credit Program by filing Form NAA-02, Connecticut Neighborhood Assistance Act (NAA) Business Application, through the Connecticut DRS. Form NAA-02 will be available starting September 15, 2024 and must be electronically submitted no later than October 1, 2024. The form can be found at https://portal.ct.gov/drs by searching for “Neighborhood Assistance Act.”