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2005 SESSION

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HB 1788 Neighborhood Assistance Act; extends tax credits.

Introduced by: Mamye E. BaCote | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Neighborhood Assistance Act; tax credits. Increases the total amount that programs created under the Act can grant in tax credits from $8 million to $10 million and increases the allocation that must go to education programs conducted by neighborhood organizations from $2,750,000 to $4,750,000. The bill also (i) increases maximum tax credit that individuals may receive from $750 to $100,000; (ii) permits individuals to donate real property and stock, in addition to money; and (iii) adds professional printing, design, and technical writing services to the definition of "professional services" for which individuals may receive tax credits.


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