House Bill 344

Actions
Last Action 02/02/21: to Committee on Committees (H)
Title AN ACT relating to the certified rehabilitation tax credit cap.
Bill Documents Introduced
Bill Request Number 1253
Sponsor A. Bowling
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; amend KRS 141.0205 to allow for ordering of the credits.
Index Headings of Original Version Taxation - Income tax, certified rehabilitation tax credit cap, expansion
Taxation, Income--Corporate - Certified rehabilitation tax credit cap, expansion
Taxation, Income--Individual - Certified rehabilitation tax credit cap, expansion

Actions

Top
02/02/21
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/11/2021 12:15 AM (EDT)
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