| Last Action | to Economic Development, Tourism, and Labor (S) |
|---|---|
| Title | AN ACT relating to the new markets development program tax credit. |
| Bill Documents | Introduced |
| Impact Statements | Fiscal Note |
| Bill Request Number | 1527 |
| Sponsor | T. Buford |
| Summary of Original Version | Amend KRS 141.432 to require that a qualified community development entity be organized or formed in and have its principal place of business in Kentucky and commit to invest federal new market tax credits in the same dollar amount as it invests state new markets tax credits; amend KRS 141.433 to require the Department of Revenue to make available to the public a list of all qualified community development entities that were certified for the credit as well as their respective credit amounts; require the Department of Revenue to report information regarding the new markets development program tax credit to the Legislative Research Commission; determine order of application of tax credits; amend various sections of KRS Chapters 131 and 141 to conform and make technical changes. |
| Index Headings of Original Version |
Economic Development - Tax credit, new markets development program Taxation - Bank franchise tax, credit, new markets development program Taxation - Corporate income tax, credit, new markets development program Taxation - Individual income tax, credit, new markets development program Taxation - Insurance tax, credit, new markets development program Taxation, Income--Corporate - Credit, new markets development program Taxation, Income--Individual - Credit, new markets development program Fiscal Note - Credit, new markets development program |
| 02/14/17 |
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|---|---|
| 02/15/17 |
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Last updated: 1/16/2019 3:02 PM (EST)