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2016 SESSION
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.
FULL TEXT
HISTORY
- 01/19/16 House: Presented and ordered printed 16103798D
- 01/19/16 House: Referred to Committee on Finance
- 02/02/16 House: Assigned Finance sub: Subcommittee #1
- 02/08/16 House: Reported from Finance (19-Y 3-N)
- 02/09/16 House: Read first time
- 02/10/16 House: Passed by for the day
- 02/11/16 House: Passed by for the day
- 02/12/16 House: Passed by for the day
- 02/15/16 House: Motion to rerefer to committee agreed to
- 02/15/16 House: Rereferred to Finance
- 02/17/16 House: Left in Finance