12RS House Bill 452

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Last Action	to Appropriations & Revenue (S)
Title	AN ACT relating to the New Markets Development Program tax credit.
Bill Documents	Bill
Impact Statements	Fiscal Note
Bill Request Number	1683
Sponsors	K. Hall, R. Henderson
Summary of Original Version	Amend KRS 141.432 to modify the definition of "long-term debt security" to allow for computation of the interest payment limitation prior to allowing the effect of the interest expense.
Index Headings of Original Version	Taxation - Income tax, new markets credit, modification of calculation of interest payments Taxation, Income--Corporate - New markets credit, modification of calculation of interest payments Taxation, Income--Individual - New markets credit, modification of calculation of interest payments
Votes	Vote History

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02/23/12	introduced in House
02/27/12	to Appropriations & Revenue (H)
03/16/12	posted in committee
03/20/12	reported favorably, 1st reading, to Consent Calendar
03/21/12	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Thursday, March 22, 2012
03/22/12	3rd reading, passed 93-4
03/23/12	received in Senate
03/26/12	to Appropriations & Revenue (S)