| Last Action | 01/28/20: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the certified rehabilitation tax credit cap. |
| Bill Documents | Introduced |
| Bill Request Number | 955 |
| Sponsors | A. Bowling, T. Branham Clark, R. Palumbo |
| Summary of Original Version | Amend KRS 171.396 to expand the certified rehabilitation tax credit cap to $30 million annually instead of the current tax credit cap of $5 million annually; define a rural county; amend KRS 171.397 to allow a 30% credit for qualified expenses for property located within a rural county; change the maximum credit that can be claimed for all other property that is not owner-occupied residential to $5 million annually instead of the current cap of $400,000 annually; and reserve 40% of the certified rehabilitation credit cap for property located in a rural county. |
| Index Headings of Original Version |
Taxation - Income tax, certified rehabilitation tax credit cap, expansion of Taxation, Income--Corporate - Certified rehabilitation tax credit cap, expansion of Taxation, Income--Individual - Certified rehabilitation tax credit cap, expansion of |
| 01/24/20 |
|
|---|---|
| 01/28/20 |
|
Last updated: 10/27/2020 12:10 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot. @LRCTweetBot