HB 541/FN (BR 1108) - P. Pratt

     AN ACT relating to the highly skilled employee tax credit.
     Establish Subchapter 13 of KRS Chapter 154 and create new sections thereof to define terms and create a tax credit for residents of the Commonwealth that are employed in high-skill, high-demand industry sector positions in an amount not to exceed $1,500 for each eligible position and a total of $3 million in each fiscal year; create a new section in KRS Chapter 141 to allow a nonrefundable, nontransferable tax credit against the individual income tax for taxable years beginning on or after January 1, 2018, but before January 1, 2022, and to require reporting by the department; amend KRS 141.0205 to order the tax credit; amend various sections to conform to the reporting requirements.