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House Bill 403

Actions | Amendments

Last Action	returned to Appropriations & Revenue (S)
Title	AN ACT relating to the New Markets Tax Credit and declaring an emergency.
Bill Documents	Bill
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

Actions

Top | Amendments

02/09/11	introduced in House
02/10/11	to Appropriations & Revenue (H)
02/18/11	posted in committee
02/22/11	reported favorably, 1st reading, to Consent Calendar
02/23/11	2nd reading, to Rules posted for passage in the Consent Orders of the Day Thursday, February 24, 2011 floor amendments (1) and (2-title) filed
02/24/11	taken from the Consent Orders of the Day, placed in the Regular Orders of the Day floor amendments (1) and (2-title) withdrawn
02/25/11	3rd reading, passed 93-0
02/28/11	received in Senate
03/01/11	taken from Committee on Committees (S) 1st reading returned to Committee on Committees (S) to Appropriations & Revenue (S)
03/02/11	taken from Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)

Proposed Amendments

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Amendment	House Floor Amendment 1
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
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)