Bill > HB1882

This bill authorizes a tax credit for taxpayers who contribute to certain youth police initiative programs, which are defined as programs run by not-for-profit organizations in urban areas that aim to build trust between at-risk youth and local police officers. The tax credit will be equal to fifty percent of the contribution made to an eligible entity, and it can be carried forward for up to five years but cannot be refunded or transferred. The total amount of these tax credits is capped at $150,000 per year, and the Department of Public Safety will maintain a list of eligible organizations. This program is set to automatically sunset six years after its effective date unless reauthorized by the General Assembly.