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

Introduced By

Del. Harvey Morgan (R-Gloucester)

Progress

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

Description

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 organizations proposal been submitted by the due date. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/04/2008Committee
01/04/2008Prefiled and ordered printed; offered 01/09/08 086909652
01/04/2008Referred to Committee on Finance
01/13/2008Impact statement from TAX (HB316)
01/15/2008Assigned Finance sub: 2
01/28/2008Stricken from docket by Finance