Bill
Bill > HB2794
summary
Introduced
03/01/2021
03/01/2021
In Committee
04/06/2021
04/06/2021
Crossed Over
03/17/2021
03/17/2021
Passed
04/09/2021
04/09/2021
Dead
Signed/Enacted/Adopted
05/20/2021
05/20/2021
Introduced Session
2021 Regular Session
Bill Summary
To extend the Neighborhood Investment Program Act to July 1, 2026 and to increase the allowable tax credit from $3,000,000 to $5,000,000.
AI Summary
This bill extends the Neighborhood Investment Program Act, which provides tax credits to encourage investment in qualified projects in low-income communities, until July 1, 2026. The bill also increases the maximum allowable tax credit from $3,000,000 to $5,000,000. The Neighborhood Investment Program Act was set to expire on July 1, 2026, and this bill extends its authorization for an additional 5 years. Taxpayers who have already gained entitlement to the tax credit prior to July 1, 2026, will be able to continue claiming the credit as per the program's requirements.
Committee Categories
Budget and Finance
Sponsors (11)
Erikka Storch (R)*,
Bill Anderson (R),
Moore Capito (R),
Vernon Criss (R),
Joe Ellington (R),
Marty Gearheart (R),
Eric Householder (R),
Gary Howell (R),
Matthew Rohrbach (R),
Joe Statler (R),
Steve Westfall (R),
Last Action
Chapter 263, Acts, Regular Session, 2021 (on 05/20/2021)
Official Document
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