Department of Taxation (161)
| Request Title | Increase the Neighborhood Assistance Act tax credit |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Increases the Neighborhood Assistance Act tax credit cap by $1.0 million in the first year and $2.0 million in the second year. This amendment increases the Neighborhood Assistance Act tax credit cap to $16 million in the first year and $17 million in the second year. The tax credit may be claimed by businesses and individuals that donate to neighborhood organizations for approved programs that benefit impoverished people. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | ($1,000,000) | ($2,000,000) | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-03-2025 20:50:14
