House Bill 333

Actions | Amendments
Last Action 02/17/22: recommitted to Appropriations & Revenue (H)
Title AN ACT relating to the community investment tax credit.
Bill Documents Introduced
Bill Request Number 1512
Sponsors W. Lawrence, J. Calloway, C. Massey
Summary of Original Version For taxable years beginning on or after January 1, 2023, but before January 1, 2027, 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 investment tax credit
Taxation, Income--Corporate - Income tax, community investment tax credit
Taxation, Income--Individual - Income tax, community investment tax credit
Fiscal Note - Income tax, community investment tax credit
Jump to Proposed Amendments House Committee Substitute 1
House Committee Amendment 1


Top | Amendments
  • introduced in House
  • to Committee on Committees (H)
  • to Small Business & Information Technology (H)
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
  • 2nd reading, to Rules
  • recommitted to Appropriations & Revenue (H)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions; amend KRS 171.397 to allow the historic preservation tax credit to be applied to the individual and corporation income taxes.
Index Headings Taxation - Historic preservation tax credit
Taxation, Income--Corporate - Historic preservation tax credit
Taxation, Income--Individual - Historic preservation tax credit
Fiscal Note - Historic preservation tax credit

Amendment House Committee Amendment 1
Sponsor W. Lawrence
Summary Make title amendment.
Index Headings Title Amendments - HB 333

Last updated: 2/8/2023 2:57 PM (EST)