|01/21/20: to Appropriations & Revenue (H)
|AN ACT relating to the establishment of a tax credit to promote investments in Kentucky businesses.
|Fiscal Impact Statement
|Bill Request Number
|R. Heath, J. Blanton, M. Dossett, D. Hale, M. Hart, K. King, S. Miles, S. Santoro, J. Sims Jr
|Summary of Original Version
|Create new sections of KRS Chapter 136 to establish the growth fund tax credit; amend KRS 131.190 to allow reporting of the tax credit to the Interim Joint Committee on Appropriations and Revenue; establish Subchapter 21 of KRS Chapter 154 and create new sections thereof to establish an application and approval process for investment in growth businesses by a growth fund and verification related to the new tax credit; provide that sections 5 to 11 of this Act may be cited as the Kentucky Rural Jobs Act of 2020.
|Index Headings of Original Version
Economic Development - Growth fund program, establishment of
Taxation - Growth fund tax credit, establishment of
Taxation - Insurance premiums tax, growth fund tax credit, establishment of
Reports Mandated - Rural growth fund tax credit and program, Department of Revenue to report on
Short Titles and Popular Names - Kentucky Rural and Opportunity Zone Jobs Act
Fiscal Note - Insurance premiums tax, growth fund tax credit, establishment of
Last updated: 10/27/2020 12:10 PM (EDT)
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