Senate Bill 456 Summary

• Creates an income tax credit for landlords who establish crime reporting programs that offer incentives to tenants for reporting criminal activity resulting in arrest and conviction.

• Eligible crimes include murder, battery, kidnapping, sexual assault, controlled substance offenses, and criminal mischief.

• Allowable incentives include cash rewards (up to six months' rent value), one to six months free rent, or one to six months free utilities.

• Tax credit equals 100% of the incentive value provided, with documentation required from the prosecuting attorney confirming the tenant's report led to conviction.

• Credit is effective January 1, 2011 (retroactive) and cannot be transferred; unused credits may be carried forward to future tax years but are not refundable.