Relating to a pilot program for community agency tax credits; prescribing an effective date.
Catchline/Summary:
Directs Department of Human Services to establish pilot program to encourage innovative strategies to strengthen families and build resilient neighborhoods. Directs Department of Human Services to establish pilot program to encourage innovative strategies to strengthen families and build resilient neighborhoods. Establishes tax credit for qualified contributions to selected community agency for purposes of program. Requires selected community agencies to distribute funds to participating community agencies.
Applies to contributions made and tax years beginning on or after January 1, 2020, and before January 1, 2026.
Takes effect on 91st day following adjournment sine die.
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SB 964 Joint Committee On Tax Expenditures
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