26RS HB 545

Actions

Last Action	02/03/26: to Committee on Committees (H)
Title	AN ACT relating to a tax credit for alternative jet fuel.
Bill Documents	Introduced
Bill Request Number	1468
Sponsor	D. Meade
Summary of Original Version	Create a new section of KRS Chapter 141 to establish a nonrefundable income tax credit for alternative jet fuel producers; require the Department of Revenue, in conjunction with the Department of Agriculture and the Energy and Environment Cabinet, to promulgate administrative regulations; require the department to report on the credit to the Legislative Research Commission; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Index Headings of Original Version	Administrative Regulations And Proceedings - Department of Revenue, alternative jet fuel producers, tax credit Aeronautics And Aviation - Alternative jet fuel, income tax credit Fuel - Alternative jet fuel, income tax credit Reports Mandated - Department of Revenue, alternative jet fuel producers, tax credit State Agencies - Department of Revenue, alternative jet fuel producers, tax credit Taxation - Alternative jet fuel, income tax credit Taxation, Income--Corporate - Alternative jet fuel producers, tax credit Taxation, Income--Individual - Alternative jet fuel producers, tax credit