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Senate Co-Sponsorship Memoranda
Senate of Pennsylvania
Session of 2023 - 2024
Regular Session
MEMORANDUM
| Posted: | February 28, 2024 10:51 AM |
|---|---|
| From: | Senator Gene Yaw and Sen. Nick Miller |
| To: | All Senate members |
| Subject: | Expanding the Neighborhood Assistance Program |
| In the very near future, we will be introducing legislation that will raise the cap on the allocation for the Neighborhood Assistance Program (NAP) and update its credit percentage rates to make the program consistent with other tax credit programs in the Commonwealth. NAP was created by the General Assembly in 1967 and continues to serve as a key resource for businesses, nonprofits, and underserved neighborhoods. The goal of NAP is to improve distressed areas and support neighborhood conservation through the creation of a productive partnership between community-based entities and the business and corporate communities. In order to qualify for NAP, applicants must qualify under one or more of the following categories: community service, job training, crime prevention, and/or neighborhood assistance. Included under NAP are multiple sub-categories: the Special Priorities Program (SPP), the Neighborhood Partnership Program (NPP), Charitable Food Program (CFP), and the Enterprise Zone Program (EZP). An increase to NAP would be an increase for all of these resources. Tax credit programs continue to be an attractive resource for organizations and businesses looking to make an impact in their communities. NAP supports jobs, bolsters state and local sales tax revenue, and raises local real estate property tax revenue in targeted communities. That success is shown by the growing number of communities seeking to make use of this innovative and effective program. To address this, our legislation will increase NAP funding from $36 million to $72 million annually. Please join us in supporting this legislation to continue fostering collaboration in our communities. |
Introduced as SB1181