SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

1999 SESSION

  • | print version

SB 1021 Neighborhood Assistance Act.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Neighborhood Assistance Act. Allows donations of services by licensed contractors for the development, construction, renovation, or repair of (i) homes of impoverished people or (ii) buildings used by neighborhood organizations to qualify for tax credits under the Neighborhood Assistance Act. The value of the contracting services, for purposes of determining the amount of the tax credit, is the lesser of the reasonable cost for similar services from other providers or $50 per hour. Currently, professional services are the only type of service eligible for the tax credit.


FULL TEXT

HISTORY