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2016 SESSION

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HB 1252 Neighborhood assistance tax credit program; low-income persons.

Introduced by: David E. Yancey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Neighborhood assistance tax credits; low-income persons. Reduces from 300 percent to 180 percent of the poverty guidelines the maximum family annual household income for a person to be deemed a low-income person for whom services provided by a neighborhood organization may be funded under the neighborhood assistance tax credit program. Under the program, businesses and individuals are issued tax credits for donations to federal tax-exempt § 501(c)(3) and § 501(c)(4) nonprofit organizations undertaking programs for which at least 50 percent of the persons served under the program are low-income.


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