21RS HB 333

Actions

Last Action	02/02/21: to Committee on Committees (H)
Title	AN ACT relating to the establishment of a tax credit to promote investments in Kentucky businesses.
Bill Documents	Introduced
Bill Request Number	1586
Sponsors	R. Heath, J. Blanton, S. Baker, L. Bechler, D. Bentley, R. Bridges, M. Dossett, K. Fleming, C. Freeland, C. Fugate, J. Gooch Jr., D. Hale, S. Heavrin, M. Imes, M. Lockett, S. McPherson, D. Meade , S. Miles, M. Prunty, S. Santoro, S. Sharp, S. Sheldon, A. Tackett Laferty, N. Tate, W. Thomas
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 2021.
Index Headings of Original Version	Economic Development - Growth fund program, establishment Taxation - Growth fund tax credit, establishment Taxation - Insurance premiums tax, growth fund tax credit, establishment 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