The intent of this bill is to amend the Neighborhood Assistance tax credit program to once again permit the participation of “S” corporations, LLCs, and LLPs . Because these corporations have been excluded from the program over the past few years, participation has been far below the maximum $5 million limit. Details: http://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=5937&which_year=2008
Bottom line: Bill 5937 will allow nonprofit organizations to obtain more gifts from businesses. To support this bill, please contact either State Rep. Cameron Staples of New Haven or State Senator Eileen Daily of Westbrook. For a list of the committee members, with links to their e-mail addresses and web pages, please contact Al May (amay@ccahelping.org).
