House Bill 394

Actions | Amendments
Last Action to Appropriations & Revenue (S)
Title AN ACT relating to the new home tax credit for income tax purposes and declaring an emergency.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 1519
Sponsors T. Thompson, B. Damron, S. Brinkman, R. Crimm, F. Nesler, D. Osborne, B. Yonts
Summary of Original Version Amend KRS 141.388 to lower the new home tax credit cap to $15 million and allow certain purchases qualifying for the federal first-time home buyer tax credit to also receive the Kentucky new home tax credit; apply the amended new home tax credit cap to all purchases of qualified principal residences within the approved time; apply the expansion of the new home tax credit to purchases of qualified principal residences after November 6, 2009; EMERGENCY.
Index Headings of Original Version Taxation - New home tax credit, modify
Taxation, Income--Individual - New home tax credit, modify
Fiscal Note - New home tax credit, modify
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

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02/05/10
  • introduced in House
02/08/10
  • to Appropriations & Revenue (H)
02/26/10
  • posted in committee
03/02/10
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/03/10
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Monday, March 8, 2010
03/08/10
  • 3rd reading, passed 95-0 with Committee Substitute
03/09/10
  • received in Senate
03/10/10
  • to Appropriations & Revenue (S)

Proposed Amendments

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Amendment House Committee Substitute 1
Impact Statements Fiscal Note
Summary Retain original provisions; clarify that a qualified buyer who purchases a qualified principal residence on or after November 6, 2009, but before the effective date of this Act shall have 7 days from the effective date of this Act to submit via fax a completed application.
Index Headings Taxation - New home tax credit, modify
Taxation, Income--Individual - New home tax credit, modify
Fiscal Note - New home tax credit, modify

Last updated: 1/16/2019 4:12 PM (EST)