2013 Session

Budget Amendments - SB800 (Committee Approved)

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Communities of Opportunity Tax Credit

Item 108 #1s

Item 108 #1s

First Year - FY2013 Second Year - FY2014
Commerce And Trade
Housing and Community Development, Department of FY2013 $0 FY2014 $200,000 GF

Page 88, line 39, strike "$47,049,112" and insert "$47,249,112".

(This amendment is a companion to SB 932, which passed the Senate. The bill reduces the annual cap on tax credits available under the Communities of Opportunity Tax Credit by $200,000. This amendment appropriates the additional revenue that will be generated by reducing the cap for DHCD to use for a competitive grant program to fund housing mobility counselors to work with the participants of the tax credit program.)