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2016 SESSION

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HB 1390 Neighborhood assistance tax credits; allocation of credits.

Introduced by: Kathy J. Byron | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Neighborhood assistance tax credits. Eliminates the requirement that 10 percent of the available amount of neighborhood assistance tax credits each year be reserved for new organizations participating in the tax credit program and prohibits state agencies administering the program from (i) allocating tax credits to a neighborhood organization on the basis of the the dollar value of tax credits issued to the organization in a prior program year or (ii) employing a method for determining the maximum allocation of tax credits for any qualifying neighborhood organization that differs from the method employed for any other such organization.


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