SB 766 - Schaefer, Kurt
Extends the sunset on the Residential Treatment Agency Tax Credit program until August 2018 and modifies other provisions of the program
Bill Details
Sponsor
LR Number
4381S.03I
Title
SB 766
House Handler
N/A
Journal Page
Effective Date
August 28, 2012
Committee
Current Status
Second Read and Referred S Ways and Means and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 766 -Currently, the Residential Treatment Agency Tax Credit program will sunset after August 28, 2012. This act reauthorizes the program until August 28, 2018. The act also allows certain children's homes that are licensed and under contract with the Department of Social Services to be eligible to receive donations and apply for tax credits under this tax credit program. The act also increases the limit on the amount of tax credits that a residential care facility or children's home may receive from forty to fifty percent of the payments made by the Department of Social Services to the facility or home in the last twelve months.
EMILY KALMER