The Neighborhood Assistance Tax Credit bill aims to expand and enhance the existing tax credit program. It seeks to provide additional benefits for taxpayers who contribute to community programs and projects. The key provisions include increasing the tax credit amount available, expanding eligibility criteria, and streamlining the application process. This bill is designed to encourage more support for local initiatives, foster community development, and stimulate economic growth in neighborhoods across the United States.
2023-06-20: Referred to FINANCE
2023-10-04: Reported as committed
2023-10-04: First consideration
2023-10-04: Laid on the table
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