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1996 SESSION

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HB 1318 Neighborhood Assistance Act.

Introduced by: Dwight Clinton Jones | all patrons    ...    notes | add to my profiles

SUMMARY:

Neighborhood Assistance Act. Increases the amount of tax credits authorized under the Neighborhood Assistance Act from $5.25 million to $10 million effective July 1, 1998. Current law allows expenditure for impoverished areas and for impoverished people and will expand the amount of tax credits available from $5.25 million to $8 million effective July 1, 1996. The bill also adds a definition of impoverished area which is the same as for enterprise zones.


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