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DE SB84
Bill
Status
7/3/2013
Primary Sponsor
Margaret Henry
Click for details
AI Summary
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Reduces the maximum annual Neighborhood Assistance Tax Credit from $100,000 to $50,000 per person per year.
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Establishes a three-year cap limiting any person to a maximum of $100,000 in total tax credits during any three-year period.
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Changes the Neighborhood Assistance Act Advisory Council's role from discretionary to mandatory, requiring it to provide guidance and recommendations on program priorities, impoverished area selection, and investment amounts.
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Prevents taxpayers from claiming the same investment as both a Neighborhood Assistance Tax Credit and a charitable contribution deduction in the same tax year.
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Effective date is July 1, 2013.
Legislative Description
An Act To Amend Title 30 Of The Delaware Code Relating To The Neighborhood Assistance Tax Credit.
Last Action
Signed by Governor
7/3/2013