House Bill 589

Actions
Last Action 03/01/18: to Appropriations & Revenue (H)
Title AN ACT relating to affordable housing for veterans and senior citizens.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1902
Sponsors R. Rothenburger, J. Richards
Summary of Original Version Create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit, which applies to the income and insurance taxes, in an amount related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $3,500,000; create a new section of KRS Chapter 141 to allow the income tax credit; amend KRS 141.0205 to order the income tax credit; create a new section of KRS Chapter 136 to order the insurance tax credits; amend various statutes to conform.
Index Headings of Original Version Fiscal Note - Kentucky affordable housing tax credit, creating
Housing, Building, and Construction - Kentucky affordable housing tax credit, creating
Taxation - Kentucky affordable housing tax credit for bank franchise tax, creating
Taxation - Kentucky affordable housing tax credit for income taxes, creating
Taxation - Kentucky affordable housing tax credit for insurance taxes, creating
Taxation, Income--Corporate - Kentucky affordable housing tax credit, creating
Taxation, Income--Individual - Kentucky affordable housing tax credit, creating

Actions

Top
02/27/18
  • introduced in House
03/01/18
  • to Appropriations & Revenue (H)


Last updated: 9/1/2020 2:57 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.