Time is Running Out to Take Advantage of the State’s 50% Tax Credit
Donate to NewVue Communities by 12/31/16 and receive a 50% Tax Credit
The Community Investment Tax Credit (CITC) is a refundable state tax credit aimed at forging new financial support and partnerships in support of community development corporations such as NewVue Communities. The CITC program enhances community support for the work of organizations like NewVue Communities. This program provides a 50% tax credit against Commonwealth of Massachusetts tax liability.
The CITC program is a refundable tax credit.
Donors will invest in the agency’s Community Investment Plan (i.e. our business plan) providing flexible working capital that can be used to seed new programs, fill funding gaps and leverage other resources and achieve maximum impact. If the donor does not have sufficient tax liability, the credit is refundable, whereby the Commonwealth will issue a check for the balance of the credit to the donor.
You can also make a CITC donation by calling or emailing:
Lisa Dutton-Swain, Resource Development Director