Agencies | Governor
Virginia Regulatory Town Hall
Agency
Department of Social Services
Board
State Board of Social Services
chapter
Neighborhood Assistance Tax Credit Program [22 VAC 40 ‑ 41]
This action is exempt from the executive branch review process.
Action:
Amend NAP Regulation to Conform to the Code of Virginia
 
General Information
Action Summary Amendments to 22VAC40-41 are necessary to conform the Neighborhood Assistance Program (NAP) regulation to legislation passed by the General Assembly in 2017. Senate Bill 1168 (Chapter 724 of the Acts of Assembly) 1) clarifies the requirement for the audit, review or compilation and 2) adds the requirement that at least 50 percent of the neighborhood organization’s revenues shall be used to provide services to low-income persons. A revision to 22VAC40-41-B.3 of the regulation is necessary to incorporate the clarifying language made in Code on the requirements of the audit, review, or compilation. 22VAC41-20.C.2 of the regulation removes the requirement “that at least 50 percent of total expenditures were for low-income persons or eligible students with disabilities,” and adds “at least 50 percent of the neighborhood organization’s revenues shall be used to provide services to low-income persons.” The Neighborhood Assistance Act Tax Credit Program (NAP) is a state tax credit program, established by the General Assembly in 1981. NAP uses tax credits as an incentive for businesses, trusts, and, with certain restrictions, individuals, to make donations to eligible nonprofit organizations whose primary function is providing services to low-income persons.
Chapters Affected Only affects this chapter.
Exempt from APA Yes, this action is exempt from the Administrative Process Act. The normal executive branch review process is not required.
Exempt Citation: 2.2-4006
RIS Project Yes  [005118]
Associated Mandates Neighborhood Assistance Act Tax Credit program.
 
Stages
Stages associated with this regulatory action.
Stage ID Stage Type Status
7921 Final Stage complete. Becomes effective on 8/10/2017.
 
Contact Information
Name / Title: Wanda Stevenson  / NAP Program Technician
Address: 801 East Main Street
Richmond, VA 23219
Email Address: wanda.stevenson@dss.virginia.gov
Phone: (804)726-7924    FAX: ()-    TDD: ()-

This person is the primary contact for this chapter.