House Bill 371

Actions
Last Action 02/05/20: to Appropriations & Revenue (H)
Title AN ACT relating to tax credits.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1185
Sponsors R. Bridges, K. Banta, D. Bentley, M. Dossett, J. Fischer, K. Flood, J. Graviss, D. Hale, M. Hart, R. Heath, S. Heavrin, S. Miles, J. Miller, P. Minter, J. Nemes, R. Palumbo, P. Pratt, R. Rothenburger, S. Santoro, S. Westrom
Summary of Original Version Create a new section of KRS Chapter 198A to establish the nonrefundable Kentucky affordable housing credit; allow the credit to be applied to the income and insurance taxes, in an amount equal to the amount of federal low-income housing tax credit; create a new section of KRS Chapter 141 to allow the credit to be applied to income and limited liability entity taxes; amend KRS 141.0205 to order the income tax credit; create new sections of KRS Chapter 136 to allow the credit to be applied to insurance tax; order the insurance tax credits; amend KRS 131.190 to conform.
Index Headings of Original Version Housing, Building, and Construction - Kentucky affordable housing tax credit, creation of
Taxation - Kentucky affordable housing tax credit for income taxes, creation of
Taxation - Kentucky affordable housing tax credit for insurance taxes, creation of
Taxation, Income--Corporate - Kentucky affordable housing tax credit, creation of
Taxation, Income--Individual - Kentucky affordable housing tax credit, creation of
Reports Mandated - Kentucky affordable housing tax credit, annual reports
Fiscal Note - Kentucky affordable housing tax credit, creation of

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02/03/20
  • introduced in House
02/05/20
  • to Appropriations & Revenue (H)


Last updated: 4/29/2020 12:16 PM (EDT)
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