Makes FY2026 supplemental appropriation of $30 million to DCA for Neighborhood Revitalization Tax Credit program.
Introduced First Reading Assembly Referred to ACW
Summary
The bill earmarks an extra $30 million from the state General Fund for the Department of Community Affairs to support its Neighborhood Revitalization Tax Credit program. The money will go to nonprofit groups that carry out improvement projects in low‑ and moderate‑income neighborhoods. The funding helps the program, which already relies on businesses that receive tax credits for financing eligible projects.
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