Town Of Simsbury: Tax Credits Available For Businesses That Invest In Simsbury Community Programs

Press release from the Town of Simsbury:

September 7, 2021 - 11:20am

Tax Credits Available for Businesses that Invest in Simsbury Community ProgramsSimsbury Food Closet, Open Space Acquisition Fund, Grange Energy Efficiency

The Town of Simsbury has received approval for three community programs through the Neighborhood Assistance Act Program, which allows businesses to receive a tax credit for cash investments in qualifying programs conducted by tax-exempt or municipal agencies.

Business entities authorized to do business in Connecticut and subject to certain taxes may contribute to the following programs to receive a tax credit as follows:

Simsbury Food Closet: Receive a 60% tax credit on donations between $250 and $45,000 to support the purchase of gift cards for low income families to purchase fresh food (read more).

Open Space Acquisition Fund: Receive a 60% tax credit on donations between $250 and $150,000 to help establish an open space acquisition fund to support the preservation of land in Simsbury as protected open space (read more).

Simsbury Grange Energy Efficiency and Conservation: Receive a 100% tax credit on donations between $250 and $24,000 to support energy efficiency projects at the Grange (read more).

To contribute to one or more of these programs, simply complete the one-page online form (NAA-02).  This takes less than one minute to complete, and will be available for the 2021 program year starting September 15, 2021 through October 1, 2021.

For more information on these community programs visit the links provided with each program description, or contact the Town Manager’s Office at (860) 658-3230 or townmanager@simsbury-ct.gov.

This press release was produced by the Town of Simsbury. The views expressed here are the author’s own.