State Approves Two Killingworth Neighborhood Assistance Act Programs

The following press release was provided by Killingworth First Selectman Catherine Iino:

The State of Connecticut has approved two Killingworth proposals for the 2013 Neighborhood Assistance Act program. This program allows businesses to take tax credits for monetary donations to local nonprofits.

The Killingworth Library is seeking $24,000 to make improvements identified by Killingworth’s Energy Task Force that will reduce its energy usage, producing significant savings in our operating budget as well as making the building “greener.” A business contributing at least $250 to the project can take a 100 percent tax credit on its contribution. Thus a contribution takes no additional money from a company’s budget; money that would otherwise go to state taxes will go directly to a worthwhile project in Killingworth.

The Killingworth Land Conservation Trust is looking to raise at least $100,000 to help preserve as open space the 52-acre Welter property on Roast Meat Hill Road. The property connects Parmelee Farm to the Platt Nature Center and forms part of the Menunketesuck Greenway. A business can take a 60 percent tax credit for a contribution to this fund.

To receive the tax credit, a business files Form NAA-02—it’s less than a page—with the CT Department of Revenue Services between September 15 and October 1. Complete details on this process are available here.

“The library and the Land Trust help make Killingworth the wonderful place it is,” said First Selectwoman Cathy Iino. “I hope businesses will take the opportunity to Think Local and support these two very worthwhile projects.”

For further information about the Library project, contact Alison Karam, president of the Killingworth Library Association, president@killingworthlibrary.org, or 860-663-5463. For information on the KLCT, contact President Suzanne Davenport,s1davenport@comcast.net, or Bruce Dodson, scovilmed@msn.com, 860-663-1649.