House Bill 161

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to taxation.
Bill Documents Bill
Bill Request Number 800
Sponsor R. Nelson
Summary of Original Version Create a new section of KRS Chapter 132 and amend KRS 139.470, 141.020, and 141.040 to exempt small businesses located in a federally designated Promise Zone from state personal property taxes, sales and use taxes, and income taxes on the first $50,000 of net income.
Index Headings of Original Version Economic Development - Promise Zones, tax exemption for businesses in
Small Business - Taxation, exemptions from
Taxation - Small businesses, tax exemption for in Promise Zones
Taxation, Income--Corporate - Small businesses, tax exemption for in Promise Zones
Taxation, Income--Individual - Small businesses, tax exemption for in Promise Zones
Taxation, Property - Small businesses, tax exemption for in Promise Zones

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01/08/15
  • introduced in House
01/09/15
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:10 PM (EST)