(a) In this subtitle the following words have the meanings indicated. (b) “Approved project” means a project that the Department approves under § 6–405 of this subtitle. (c) “Business entity” means a person that conducts a trade or business in the State and is subject to: (1) the State income tax on individuals or corporations; (2) the public service company […]
There is a Neighborhood and Community Assistance Program.
The purposes of the Neighborhood and Community Assistance Program are to: (1) help nonprofit organizations to carry out approved projects in priority funding areas; (2) encourage business entities and individuals to invest in priority funding areas; and (3) strengthen partnerships between public and private entities.
(a) (1) For a contribution worth $500 or more in goods, money, or real property to an approved project, a business entity or an individual is entitled to a tax credit in the amount determined under subsection (b) of this section. (2) No part of a tax credit under this section may be taken more than once. (b) (1) Except […]
(a) (1) For each fiscal year, a nonprofit organization may submit to the Department, for approval under the Neighborhood and Community Assistance Program, a proposal for a project to provide services to a priority funding area. (2) The project may include: (i) community services, including child care and recreational services; (ii) redevelopment assistance; (iii) job training for individuals whose incomes do […]
The Department shall adopt regulations to carry out this subtitle.
