02/13/2024

Senate Bill 3

Lead Sponsors: Senator Kirk Schuring

Status: Introduced (January 11, 2023)

Description: The bill allows for individuals undertaking a community revitalization project (which may include distinct phases of a larger project) to apply with the Department of Development for a nonrefundable tax credit to offset some of the costs of the project. In awarding tax credits, the Department must consider a number of factors, including the impact the project will have on bringing assets otherwise lacking to the target community, such as health or food access points.

CCAO Position: No position (as of July 2024)