House Bill 542

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to tax credits.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 1815
Sponsor J. Kay
Summary of Original Version Create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit, which applies to the income and insurance taxes, in an amount related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $5,250,000; create a new section of KRS Chapter 141 to allow the income tax credit; amend KRS 141.0205 to order the income tax credit; create a new section of KRS Chapter 136 to order the insurance tax credits.
Index Headings of Original Version Housing, Building, and Construction - Kentucky affordable housing tax credit, creation of
Taxation - Kentucky affordable housing tax credit for bank franchise tax, creation of
Taxation - Kentucky affordable housing tax credit for income taxes, creation of
Taxation - Kentucky affordable housing tax credit for insurance taxes, creation of
Taxation, Income--Corporate - Kentucky affordable housing tax credit, creation of
Taxation, Income--Individual - Kentucky affordable housing tax credit, creation of
Fiscal Note - Kentucky affordable housing tax credit, creation of

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02/29/16
  • introduced in House
03/01/16
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:08 PM (EST)