Last Action | returned to Appropriations & Revenue (S) |
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Title | AN ACT relating to the New Markets Tax Credit and declaring an emergency. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1112 |
Sponsors | K. Hall, T. Couch, T. Edmonds, D. Graham |
Summary of Original Version | Amend KRS 141.432 modifying the definition of long-term debt security to make the computation of the interest payments limitation on the debt instrument prior to allowing the effect of the interest expense; retroactively applies to June 4, 2010. |
Index Headings of Original Version |
Taxation - Income tax, new market credit, calculation of interest payments, modify Taxation, Income--Corporate - New market credit, calculation of interest payments, modify Taxation, Income--Individual - New market credit, calculation of interest payments, modify Fiscal Note - New market credit, calculation of interest payments, modify |
Proposed Amendments |
House Floor Amendment 1 House Floor Amendment 2 |
Votes | Vote History |
02/09/11 |
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02/10/11 |
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02/18/11 |
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02/22/11 |
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02/23/11 |
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02/24/11 |
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02/25/11 |
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02/28/11 |
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03/01/11 |
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03/02/11 |
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Amendment | House Floor Amendment 1 |
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Piggyback? | Yes |
Sponsor | T. Moore |
Summary | Retain the original provisions of the bill; create a new section of KRS Chapter 141 establishing the job stimulus tax credit for an employer hiring a qualifying employee on or after April 1, 2011, but before April 1, 2013, and amending KRS 141.0205 to place the new credit within the applicable order of all tax credits; EMERGENCY |
Index Headings |
Taxation - Income tax, new market credit, calculation of interest payments, modify Taxation, Income--Corporate - New market credit, calculation of interest payments, modify Taxation, Income--Individual - New market credit, calculation of interest payments, modify Fiscal Note - New market credit, calculation of interest payments, modify |
Amendment | House Floor Amendment 2 |
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Sponsor | T. Moore |
Summary | Make title amendment. |
Index Headings |
Taxation - Income tax, new market credit, calculation of interest payments, modify Taxation, Income--Corporate - New market credit, calculation of interest payments, modify Taxation, Income--Individual - New market credit, calculation of interest payments, modify Fiscal Note - New market credit, calculation of interest payments, modify |
Last updated: 1/16/2019 3:43 PM (EST)