Abney introduces bill to increase neighborhood tax credit dollars
HARRISBURG, June 22 – Rep. Aerion A. Abney, D-Allegheny, introduced a bill today that would deliver additional tax credit funds for communities to implement enhancement projects.
The legislation (H.B. 1429) would raise the cap on dollars available through the Neighborhood Assistance Program from $36 million to $72 million. Businesses would also see an increase on the tax credit they could claim, dependent on the kind of project they bring to a community.
“As a social worker, I know firsthand that commonwealth communities deserve as much help as possible towards providing sustaining resources for its neighbors,” Abney said. “The monetary increase at the heart of my bill would keep neighborhoods healthy and vibrant for years to come.”
Since 2015, the NAP has provided almost $174 million in tax credits and supported 1,128 projects across Pennsylvania.