Senate Bill 227

Actions | Amendments
Last Action signed by Governor (Acts ch. 71)
Title AN ACT relating to philanthropy.
Bill Documents Bill
Bill Request Number 1966
Sponsor B. Smith
Summary of Original Version Create new sections of KRS Chapter 147A to declare the title of the Act as the Endow Kentucky program; declare legislative purposes; define terms; establish the community endowment fund in the State Treasury; allow the Governor's Office for Local Development to establish grant programs related to the promotion of community foundations from out of the fund; provide for the certification of community foundations needed in order to receive grants from the fund; establish the Endow Kentucky Commission; create a new section of KRS Chapter 141 to establish the Endow Kentucky tax credit; amend KRS 141.0205 to provide for the ordering of tax credits.
Index Headings of Original Version Charitable Organizations and Institutions - Community philanthropy, promotion of
Taxation - Charitable giving, tax credit provided for
Taxation, Income--Corporate - Charitable giving, tax credit provided for
Taxation, Income--Individual - Charitable giving, tax credit provided for
Proposed Amendments Senate Floor Amendment 1
Senate Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
03/04/10
  • introduced in Senate
03/08/10
  • to Appropriations & Revenue (S)
03/11/10
  • taken from committee
  • 1st reading
  • returned to Appropriations & Revenue (S)
03/16/10
  • floor amendment (1) filed
  • reported favorably, 2nd reading, to Rules
03/17/10
  • posted for passage in the Regular Orders of the Day for Thursday, March 18, 2010
  • floor amendment (2) filed
03/18/10
  • 3rd reading
  • floor amendment (2) withdrawn
  • passed 37-0 with floor amendment (1)
03/19/10
  • received in House
03/22/10
  • to Local Government (H)
03/23/10
  • posting waived
03/24/10
  • reported favorably, 1st reading, to Calendar
03/25/10
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, March 26, 2010
03/26/10
  • 3rd reading, passed 94-0
  • received in Senate
  • enrolled, signed by each presiding officer
  • delivered to Governor
04/07/10
  • signed by Governor (Acts ch. 71)

Proposed Amendments

Top | Actions
Amendment Senate Floor Amendment 1
Sponsor B. Leeper
Summary Remove the tax credit allowed to a contributor to a charitable foundation.
Index Headings Charitable Organizations and Institutions - Community philanthropy, promotion of
Taxation - Charitable giving, tax credit provided for
Taxation, Income--Corporate - Charitable giving, tax credit provided for
Taxation, Income--Individual - Charitable giving, tax credit provided for

Amendment Senate Floor Amendment 2
Sponsor B. Smith
Summary Require initial appointments to be made by a certain date; reduce annual cap on the Endow Kentucky tax credit from $5 million to $1 million; provide that credit applies to tax years beginning on or after January 1, 2011.
Index Headings Charitable Organizations and Institutions - Community philanthropy, promotion of
Taxation - Charitable giving, tax credit provided for
Taxation, Income--Corporate - Charitable giving, tax credit provided for
Taxation, Income--Individual - Charitable giving, tax credit provided for

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