8.a.
FPRA Regular Meeting Agenda
- Meeting Date:
- 04/16/2018
- Re
- Approval of Resolution Authorizing the Sale of Voluntary Tax Credits
- Submitted For:
- Rebecca Grohall
SUBJECT:
FPRA Resolution 18-02 Authorizing the Sale of Voluntary Tax Credits received from the HD King Center remediation.
In December 2016, Staff prepared and transmitted the next application for the Voluntary Cleanup Tax Credit Program. The State reviewed our application and found it complete, however, they had run out of funding. As funding becomes available, the State will issue tax credits to the FPRA and we received notification that there is currently $174,147.43 available. They have sent the corresponding tax credit.
In December 2016, Staff prepared and transmitted the next application for the Voluntary Cleanup Tax Credit Program. The State reviewed our application and found it complete, however, they had run out of funding. As funding becomes available, the State will issue tax credits to the FPRA and we received notification that there is currently $174,147.43 available. They have sent the corresponding tax credit.