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SB 362 - This act creates an income tax credit in an amount equal to fifty percent of a donation made to a qualifying residential treatment agency. An agency may apply for tax credits in an aggregate amount that does not exceed forty percent of the payments made by the department of social services to the agency in the preceding twelve months. The tax credit is fully transferable and may be carried back three years or forward until the full amount of the credit has been used. JASON ZAMKUS
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