{"id":1118,"date":"2018-10-22T05:21:47","date_gmt":"2018-10-22T12:21:47","guid":{"rendered":"https:\/\/georgiagreenparty.org\/?p=1118"},"modified":"2018-10-22T05:21:47","modified_gmt":"2018-10-22T12:21:47","slug":"yes-on-b-allow-non-profits-serving-mentally-disabled-to-leverage-anticipated-federal-tax-credits-to-secure-private-sector-financing-for-construction-and-renovations","status":"publish","type":"post","link":"https:\/\/dev.wp.georgiagreenparty.org\/?p=1118","title":{"rendered":"Yes on B &#8212; allow non profits serving mentally disabled to leverage anticipated federal tax credits to secure private sector financing for construction and renovations"},"content":{"rendered":"<p><em><strong>Statewide Referendum B<\/strong><\/em><br \/>\n<em>Provides a tax exemption for certain homes for the mentally disabled.<\/em><\/p>\n<p>Controlling legislation: <a href=\"http:\/\/www.legis.ga.gov\/legislation\/en-US\/Display\/20172018\/HB\/196\">HB-196<\/a> * <a href=\"http:\/\/www.legis.ga.gov\/Legislation\/20172018\/170681.pdf\">HB-196-AP<\/a><\/p>\n<p><em><strong>Does the ballot question and measure name accurately and fully reflect the effect of passage without obfuscation?<\/strong><\/em><\/p>\n<p>Yes.<\/p>\n<p><strong><em>Who would benefit from the proposed change?<\/em><\/strong><\/p>\n<p>Non-profit corporations which can access federal tax credits for the provision of residential services for the mentally disabled would be able to established a Limited Liability Corporation, wholly controlled by the non-profit; and use that LLC to contract with a for-profit corporation to finance the construction or renovation of a residential facility to serve the mentally disabled. These changes to the law, would permit the federal tax credits to be used to retire the debt to the for-profit corporation which provided financing. Significantly, and requiring the assent of the voters, the involvement of that for-profit company in the financing of that work, and the indirect ownership through the use of the LLC would not disqualify the non-profit company from claiming the ad-valorem tax exemptions to which they would otherwise be entitled for their work to provide housing to the mentally disabled.<\/p>\n<p><strong>Who supports the passage of this measure?<\/strong><\/p>\n<p><em><strong>Who supports the defeat of this measure?<\/strong><\/em><\/p>\n<p><em><strong>What is the Georgia Green Party&#8217;s recommended position?<\/strong><\/em><\/p>\n<p>The Georgia Green Party <strong>urges a YES vote<\/strong> on Referendum B.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statewide Referendum B Provides a tax exemption for certain homes for the mentally disabled. Controlling legislation: HB-196 * HB-196-AP Does the ballot question and measure name accurately and fully reflect the effect of passage without obfuscation? Yes. Who would benefit from the proposed change? Non-profit corporations which can access federal tax credits for the provision [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5],"tags":[],"class_list":["post-1118","post","type-post","status-publish","format-standard","hentry","category-2018-general-election","category-ballot-question-details"],"_links":{"self":[{"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=\/wp\/v2\/posts\/1118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1118"}],"version-history":[{"count":0,"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=\/wp\/v2\/posts\/1118\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wp.georgiagreenparty.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}