| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the New Markets Development Program tax credit. |
| Bill Documents |
Bill
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| 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 |
| 02/23/12 |
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| 02/27/12 |
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Last updated: 8/27/2019 8:05 PM (EDT)