Adopt the Disinvested Community Development Incentive Tax Credit Act

Summary

The bill would let individuals and businesses claim a tax credit equal to half of cash donations made to approved organizations that fund affordable commercial or mixed‑use projects in economically distressed areas. It targets small and emerging developers and underrepresented businesses, aiming to increase affordable space, jobs, and community development while limiting the state’s fiscal exposure. The program also allows the Department of Economic Development to award small grants to help cover pre‑development costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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