AN ACT relating to historic structures.
     Create a new section of KRS Chapter 141 to create definitions for a tax credit program for the rehabilitation of historic residential and commercial structures; Amend KRS 141.0205 to include the rehabilitation credit; Create a new section of KRS Chapter 136.500-136.575 to provide a nonrefundable tax credit in the amount of 20% for certified expenses for historic commercial structures and 30% for certified expenses for historic residential structures; Create a new section of KRS Chapter 171 to define various terms relative to the Kentucky Historic Structure Tax Credit Program, and allow the Council establish criteria for the program; Designate that Sections 1, 2, and 3 apply to taxable years after December 31, 2000; Create short title; Make Sections 1, 2, AND 3 EFFECTIVE JANUARY 1, 2001.

     Feb 1-introduced in House
     Feb 2-to Appropriations and Revenue (H)