2013 Session

Budget Amendments - SB800 (Conference Report)

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Communities of Opportunity Tax Credit

Item 108 #1c

Item 108 #1c

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 House Bill 2059 and Senate Bill 932, which passed the General Assembly. The bills reduce 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.)