Bill > H0653

This bill extends the expiration date for the Community Contribution Tax Credit program, which allows individuals and businesses to receive tax credits for making contributions to eligible sponsors of community projects approved by the Department of Economic Opportunity (DEO). These tax credits can be applied against sales and use tax, corporate income tax, and insurance premium tax. The bill specifically amends sections related to sales and use tax, corporate income tax, and insurance premium tax to push the expiration date from its current point to June 30, 2025, ensuring that the program continues to support community development initiatives for a longer period.