Neighborhood assistance tax credits; changes definition of impoverished people. (SB633)
Introduced By
Sen. Walter Stosch (R-Glen Allen) with support from co-patrons Sen. Emmett Hanger (R-Mount Solon), and Sen. William Wampler (R-Bristol)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Neighborhood assistance tax credits; impoverished people. Changes the definition of "impoverished people" for education proposals under the Neighborhood Assistance Act Tax Credit program from 180 percent to 200 percent of the current federal poverty guidelines. As a condition of eligibility for a neighborhood assistance tax credit, current law requires that at least 50 percent of the persons served by a neighborhood organization are impoverished people. View Full Text »
Outcome
Bill Has Passed
View Bill's History
