| Last Action | 02/12/25: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the New Markets Development Program tax credit. |
| Bill Documents | Introduced |
| Bill Request Number | 1524 |
| Sponsor | J. Branscum |
| 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 from $10 million to $20 million in each fiscal year. |
| Index Headings of Original Version |
Loans and Credit - New Markets Development Program tax credit, loan terms Taxation - New Markets Development Program tax credit, limitation increase Taxation, Income--Corporate - New Markets Development Program tax credit, limitation increase Taxation, Income--Individual - New Markets Development Program tax credit, limitation increase |
| 02/06/25 |
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| 02/12/25 |
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Last updated: 7/24/2025 3:26 PM (EDT)