SB 680 Neighborhood Assistance Act tax credit

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Bill ID:2012 Senate Bill 680
Introduced:Thursday, January 26, 2012
Sponsors: ---
Status:Introduced
Complete Text: Read Now

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.

Related Issues: Community , Taxation

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