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2014 SESSION

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HB 620 Neighborhood assistance tax credits; changes program by decreasing value of donations, etc.

Introduced by: T. Monty Mason | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Neighborhood assistance tax credits. Changes the Neighborhood Assistance Act Tax Credit program beginning with taxable year 2014 by decreasing the tax credit percentage from 65 percent to 50 percent of the value of donations. The bill also increases from 40 to 50 percent the number of low-income persons that must be served by a neighborhood organization to receive an allocation tax of credits from the State Board of Social Services.

FULL TEXT

• 01/07/14  House: Prefiled and ordered printed; offered 01/08/14 14103244D  pdf | impact statement

HISTORY

• 01/07/14  House: Prefiled and ordered printed; offered 01/08/14 14103244D
• 01/07/14  House: Referred to Committee on Finance
• 01/13/14  House: Assigned Finance sub: Subcommittee #2
• 01/15/14  House: Subcommittee recommends laying on the table by voice vote
• 02/12/14  House: Left in Finance