Earlier this month, Ohio Rep. Jim Butler (R-Oakwood) delivered sponsor testimony on H.B. 219, which would authorize tax credits for contributions of money to economic and infrastructure development projects undertaken by local governments and nonprofit organizations (See our June 27, 2013, blog post for more information). Butler said the bill would create the Neighborhood Infrastructure Assistance Program (NIAP) to encourage public-private partnerships and neighborhood investments, according to the Gongwer Ohio Report. The program is capped at $5 million per year in credits – $3.5 million initially, with the remaining funds being made available later to give "entities two shots at securing the credits," according to The Hannah Report. Projects are eligible only if they are determined to be "catalytic" for an area's development – meaning "they can be expected to induce sustainable investment." For more, read the full text of H.B. 219.
H.B. 219 would authorize tax credits for private investments in economic and infrastructure development projects
