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DE SB184

Bill

Official Source

Status

Introduced

3/27/2014

Primary Sponsor

Margaret Henry

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Origin

Senate

147th General Assembly

AI Summary

  • Increases the aggregate annual cap on Neighborhood Assistance Tax Credits from $500,000 to $1,000,000 per fiscal year for all approved firms.

  • Changes the carryover mechanism so that credit awards exceeding the annual limit are carried to the next fiscal year with priority status, based on the new $1,000,000 threshold.

  • Maintains the existing chronological application review process where the Delaware State Housing Authority awards credits based on the date and time of complete application submission.

  • Takes effect July 1, 2014.

Legislative Description

An Act To Amend Title 30, Chapter 20 Of The Delaware Code Relating To The Neighborhood Assistance Tax Credit.

Last Action

Assigned to Judiciary Committee in Senate

3/27/2014

Committee Referrals

Judiciary3/27/2014

Full Bill Text

No bill text available