STORRS, Conn. (WFSB) - The UConn Division of Athletics is launching a new, state tax credit program.

The school made the announcement on Wednesday.

Here’s how it works, if you make contributions to UConn athletics, you could be qualified for state tax credits.

They can be applied to individual income taxes, corporate business taxes, and various industry-specific taxes.

The credit can equal up to 50 percent of qualifying payments, with a maximum credit of $500,000 per taxpayer, per year.

Officials said this is a win-win for UConn fans, and the athletics program.

No further details were released.

For more information on this program, CLICK HERE.

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