House Bill 485

Actions
Last Action 02/07/24: to Committee on Committees (H)
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

Actions

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02/07/24
  • introduced in House
  • to Committee on Committees (H)


Last updated: 9/26/2024 1:37 PM (EDT)