HB316: Neighborhood Assistance Act; organization to make available to donors balance of tax credit.

Chief Patron

Del. Harvey Morgan (R-98)

Harvey Morgan (R-98)
Gloucester, VA
Served: 1980–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/28/2008: Failed to Pass in Committee

View Entire History

Summary

Neighborhood Assistance Act.  Permits a neighborhood organization to make available to donors any remaining balance of its fiscal year 2006-2007 allocation of tax credits, if the organization was ineligible to participate under the Neighborhood Assistance Act in fiscal year 2007-2008 solely because the organization submitted its proposal for tax credits after the due date. The neighborhood organization would be allowed to make the tax credits available for donations made between July 1, 2007, and December 31, 2007, to a program conducted by the organization, which program otherwise would have been eligible for an allocation of tax credits had the organization’s proposal been submitted by the due date.