Delaware § 2004 Qualification for tax credit; Neighborhood Assistance Act Advisory Council

Delaware Statutes

§ 2004 — Qualification for tax credit; Neighborhood Assistance Act Advisory Council

Delaware § 2004

JurisdictionDelaware

Title30

PartIncome, Inheritance and Estate Taxes

Ch. 20BUSINESS TAX CREDITS AND DEDUCTIONS

Subch.Neighborhood Assistance Tax Credit

This text of Delaware § 2004 (Qualification for tax credit; Neighborhood Assistance Act Advisory Council) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 30, § 2004 (2026).

Text

(a)For each taxable period beginning on or after July 1, 2007, a person that contributes to a neighborhood organization or that provides neighborhood assistance in an impoverished area or for low and moderate income families shall receive a tax credit as provided in § 2005 of this title if the Director of the Delaware State Housing Authority annually approves the proposal of the taxpaying investor. The Director of the Delaware State Housing Authority shall promulgate rules and regulations for the approval or disapproval of such proposals by taxpaying investors.

(b)A Neighborhood Assistance Act Advisory Council, whose members shall be appointed every 2 years by the Director of the Delaware State Housing Authority and be comprised of community development practitioners and representatives

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(a) For each taxable period beginning on or after July 1, 2007, a person that contributes to a neighborhood organization or that provides neighborhood assistance in an impoverished area or for low and moderate income families shall receive a tax credit as provided in § 2005 of this title if the Director of the Delaware State Housing Authority annually approves the proposal of the taxpaying investor. The Director of the Delaware State Housing Authority shall promulgate rules and regulations for the approval or disapproval of such proposals by taxpaying investors.

(b) A Neighborhood Assistance Act Advisory Council, whose members shall be appointed every 2 years by the Director of the Delaware State Housing Authority and be comprised of community development practitioners and representatives of the private and public sectors, shall be established. The Neighborhood Assistance Act Advisory Council shall provide guidance and recommendations to the Director of the Delaware State Housing Authority in establishing program priorities and mechanisms for the program to be conducted and determining the impoverished area or areas selected and the estimated amount to be invested in the program or neighborhood organization. The Neighborhood Assistance Act Advisory Council shall assist the Delaware State Housing Authority in establishing and promulgating rules and regulations for the approval or disapproval of proposals by taxpaying investors and neighborhood organizations.

Legislative History

30 Del. C. 1953, § 2004; 56 Del. Laws, c. 405, § 1 ; 57 Del. Laws, c. 741, § 9A ; 58 Del. Laws, c. 492, § 2 ; 72 Del. Laws, 1st Sp. Sess., c. 250,, § 2 ; 76 Del. Laws, c. 80, § 111(c) ; 76 Del. Laws, c. 172, § 10 ; 79 Del. Laws, c. 95, § 1 ; 84 Del. Laws, c. 233, § 65