Last Action | 02/07/24: to Committee on Committees (H) |
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Title | AN ACT relating to the New Markets Development Program tax credit. |
Bill Documents | Introduced |
Bill Request Number | 1628 |
Sponsor | W. Lawrence |
Summary of Original Version | Amend KRS 141.433 to allow amounts received as repayment on a qualified low-income community investment and reinvested in another qualified low-income community investment during the same calendar year to be considered continuously held; amend KRS 141.434 to increase the cap on total New Markets Development Program tax credits to $20 million in each fiscal year. |
Index Headings of Original Version |
Loans and Credit - Entity making qualified equity investment, New Markets Development Program tax credit Taxation - Income tax credit, New Markets Development Program Taxation, Income--Corporate - New Markets Development Program tax credit, increase to credit limit |
02/07/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)