| Last Action | 02/27/20: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the community investment tax credit. |
| Bill Documents | Introduced |
| Bill Request Number | 2085 |
| Sponsor | M. Hart |
| Summary of Original Version | For taxable years beginning on or after January 1, 2021, but before January 1, 2025, create a new section in KRS Chapter 141 to establish the community investment credit for financial institutions making loans to a community development financial institution; establish the annual credit cap at $20 million; require the Department of Revenue to report tax credit data to the Interim Joint Committee on Appropriations and Revenue; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Legislative Research Commission to receive confidential data about the new tax credit from the Department of Revenue. |
| Index Headings of Original Version |
Taxation - Income tax, community tax credit Taxation, Income--Corporate - Income tax, community tax credit Taxation, Income--Individual - Income tax, community tax credit |
| 02/25/20 |
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| 02/27/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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