Connecticut Neighborhood Assistance Tax Credit Program

Do you own a business or know someone who owns a business?   Saint James School has again been approved by the State of Connecticut to allow select companies to designate a portion of their CT state tax dollars to Saint James School for us to purchase new windows for our facility (with absolutely NO cost to the donating business).  This is a win-win program for both SJS and the donating company, as the donating company can receive a 100% write-off for the donation on their State Taxes, and can also typically claim the donation on their Federal Tax Return.

Over the past several years, our wonderful friends at Highland Park Market and Connecticut Light & Power/Eversource have continually supported Saint James School through this pass-through program.  Their support is responsible for many of the beautiful new windows installed at SJS during the past several years.

In order to be eligible to use this program, the company must be subject to select taxes

• Insurance Companies and Health Care Centers (Chapter 207);
• Corporation Business (Chapter 208);
• Air Carriers (Chapter 209);
• Railroad Companies (Chapter 210);
• Certified Competitive Video Service Companies (Chapter 211);
• Community Antenna Television System Companies (Chapter 211);
• Satellite Companies (Chapter 211);
• Utility Companies (Chapter 212); or
• Business Entity (Chapter 213a).

For purposes of a business entity subject to the Business Entity Tax, the credit may only be used by the members or partners of the entity that are subject to the Corporation Business Tax.  The easiest way to know if a business qualifies is to ask an accountant.  Please consider helping SJS reach out to local businesses by contacting your friends & contacts in our area who may qualify.

For more information, please e-mail our Director of Advancement, Amy Guenther, at aguenther@saintjamesschool.net or contact your accountant regarding the State of Connecticut Neighborhood Assistance Act Tax Credit Program.  Please note, this program is extremely time sensitive and requires this preliminary paperwork (click to view) be sent to the Department of Revenue between September 15th and October 1st.

As always, we are extremely grateful for your time and support of Saint James School!

2019 Neighborhood Assistance Tax Credit Program Overview