Virginia Regulatory Town Hall
Department of Education
Guidance Document Information
Title Guidelines for the Neighborhood Assistance Act Tax Credit Program for Education
Document ID Tax Credits
Summary Beginning in 2009, the Virginia General Assembly authorized the Board of Education to adopt guidelines for the administration of the Neighborhood Assistance Tax Credit Program for Education. Under this tax credit program, individuals or business firms may receive state tax credit for eligible contribution made to neighborhood organizations providing neighborhood assistance in the form of education to low-income persons or eligible students with disabilities. These guidelines represent the Department's interpretation of the relevant laws. To the extent there is a question regarding the application of these guidelines, individuals are encourages to write to the Department and seek a written response to their question.
Effective Date 6/10/2021
pdf View document text     Posted On 10/1/2023                 Document on Town Hall

This document applies to all boards for this agency
Public Comment Forums / Change History
Proposed Change Register Date Status
The Guidelines for the Neighborhood Assistance Program for Education have been revised to remove obsolete language and provide additional clarification on several program procedures. Please submit any comments to 5/10/2021 Forum ended on 6/9/2021 with 0 Comments.
Summary of Major Changes to the Guidelines for the Neighborhood Assistance Act Tax Credit Program for Education: Page 10 VI.D. If the donor’s first donation to a neighborhood organization in a taxable year meets or exceeds the statutorily required minimum value, other donations cannot be inclu.... 4/29/2019 Forum ended on 5/29/2019 with 0 Comments.

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