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2012 SESSION
SB 680 Neighborhood Assistance Act tax credits; at least 40 percent of those served are impoverished.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles | history
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:
Neighborhood Assistance Act Tax Credit. The bill lowers the threshold, from 50 percent to 40 percent, for the percentage of low-income persons to whom a neighborhood assistance organization that submits a proposal to the State Board of Social Services must provide services to in order to be eligible to participate in the program.
SUMMARY AS PASSED SENATE:
Neighborhood Assistance Act Tax Credit. The bill lowers the threshold, from 50 percent to 40 percent, for the percentage of impoverished people to whom a neighborhood assistance organization that submits a proposal to the State Board of Social Services must provide services to in order to be eligible to participate in the program.
SUMMARY AS INTRODUCED:
Neighborhood Assistance Act Tax Credit. Amends the definition of "impoverished people" for purposes of the Neighborhood Assistance Act Tax Credit program to include residents of nursing homes and assisted living facilities who are Medicaid recipients. The bill also lowers the threshold of the percentage of impoverished people to whom a neighborhood assistance organization must provide services in order to be eligible to participate in the program from 50 percent to 40 percent.