| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to tax incentives offered through the Kentucky Business Investment Program. |
| Bill Documents | Introduced |
| Impact Statements | Fiscal Note |
| Bill Request Number | 1097 |
| Sponsor | J. DeCesare |
| Summary of Original Version | Amend KRS 154.32-010 to define terms; amend KRS 154.32-020 to allow an approved company engaged in the development of infrastructure, including the erection of buildings, necessary to facilitate the location of manufacturing, agribusiness, nonretail service and technology, or national or regional headquarters operation in this state to qualify for tax credits against KRS 141.020, 141.040, and 141.0401; sunset tax credit program; amend KRS 154.32-070 to outline credit provisions; amend KRS 154.32-100 to require reporting to the Legislative Research Commission; create a new section of KRS Chapter 141 to provide credit for infrastructure activity; amend KRS 141.0205 to provide order in which credits may be taken; amend KRS 131.190 to allow Department of Revenue to report data; amend various statutes to conform. |
| Index Headings of Original Version |
Fiscal Note - Kentucky Business Investment program, expand Economic Development - Kentucky Business Investment Program, infrastructure activity, expansion Taxation - Corporation income tax, Kentucky Business Investment program, expand Taxation, Income--Corporate - Kentucky Business Investment program, expand Taxation, Income--Individual - Kentucky Business Investment program, expand |
| 02/17/17 |
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|---|---|
| 02/21/17 |
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Last updated: 1/16/2019 3:02 PM (EST)