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DE HB284

Bill

Official Source

Status

Introduced

1/13/2022

Primary Sponsor

Sherry Dorsey Walker

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Increases the aggregate annual cap for Neighborhood Assistance Tax Credits from $1,000,000 to $2,000,000 per fiscal year
  • Changes the limitation threshold in § 2006(a) of Title 30 to reflect the new $2,000,000 maximum
  • Updates § 2006(b) to apply the $2,000,000 limitation when determining credit award carryovers to succeeding fiscal years
  • Maintains the chronological order requirement for awarding credits based on application submission date and time
  • Preserves the priority carryover provision for credits that exceed the annual cap

Legislative Description

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

Last Action

Assigned to Appropriations Committee in House

6/14/2022

Committee Referrals

Appropriations6/14/2022
Revenue & Finance1/13/2022

Full Bill Text

No bill text available