House Bill 453

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the New Markets Development Program tax credit.
Bill Documents Bill
Bill Request Number 1686
Sponsors K. Hall, R. Henderson, T. Couch, D. Graham, B. Housman, M. King, F. Nesler, J. Richards, S. Rudy, S. Santoro, T. Thompson, B. Yonts
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; amend KRS 141.434 to increase the tax credit cap from $5 million to $13 million each year.
Index Headings of Original Version Taxation - Income tax, new markets credit, increase credit cap and modify terms
Taxation, Income--Corporate - New markets credit, increase credit cap and modify terms
Taxation, Income--Individual - New markets credit, increase credit cap and modify terms

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02/23/12
  • introduced in House
02/27/12
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:37 PM (EST)