HB 254 (BR 863) - T. Moore
AN ACT relating to income tax.
Create a new section in KRS Chapter 141 to allow a credit to a builder equal to the state ad valorem property tax paid by the builder for a house during the first full year in which the house is completed but remains unsold; amend KRS 141.0205 to place the credit within the ordering of credits taken for income tax purposes.
Feb 4-introduced in House
Feb 5-to Appropriations & Revenue (H)