Kentucky House Bill 113 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 3 2012 - 25% progression, died in committee
Action: 2012-02-24 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #2) [MS Word]

Create new sections of Subchapter 20 of KRS Chapter 154 to establish the angel investor tax credit program for certain investments in small businesses; define terms; state act title and purposes; list requirements for small businesses and investors to qualify for participation; require the Kentucky Economic Development Finance Authority to establish the application process; cap the total amount of angel investor and Kentucky Investment Fund Act tax credits available in all years at $40,000,000; require KEDFA to maintain a Web site listing all businesses and investors certified and all credits awarded; require small businesses to report annually and allow for tax credit recapture in certain circumstances; amend KRS 152.20-255 to provide that the total amount of tax credits available in the Kentucky Investment Fund Act program and the angel investor program is $40,000,000 in all years; create a new section of KRS Chapter 141 to establish the credit; amend KRS 141.0205 to provide the ordering of the credit.

AN ACT relating to the angel investor tax credit.

Sen. Julie Raque Adams [R]	Rep. Royce Adams [D]	Rep. John Arnold [D]	Rep. Linda Belcher [D]
Rep. Johnny Bell [D]	Rep. Thomas Burch [D]	Rep. Dwight Butler [R]	Rep. John Carney [R]
Rep. Mike Cherry [D]	Rep. Tim Couch [R]	Rep. Will Coursey [D]	Rep. Jesse Crenshaw [D]
Rep. Ron Crimm [R]	Rep. Robert Damron [D]	Rep. Jim DeCesare [R]	Rep. Mitchel Denham [D]
Rep. Bob DeWeese [R]	Rep. Myron Dossett [R]	Rep. Theodore Edmonds [D]	Rep. Joseph Fischer [R]
Rep. Kelly Flood [D]	Rep. David Floyd [R]	Rep. Danny Ford [R]	Rep. Derrick Graham [D]
Rep. Jeff Greer [D]	Sen. Sara Gregory [R]	Rep. Keith Hall [D]	Rep. Richard Henderson [D]
Rep. Melvin Henley [D]	Rep. Dennis Horlander [D]	Rep. David Housman [R]	Rep. Joni Jenkins [D]
Rep. Thomas Kerr [R]	Rep. Martha King [D]	Rep. Adam Koenig [R]	Rep. Jimmie Lee [D]
Rep. Stan Lee [R]	Rep. Mary Marzian [D]	Rep. Donna Mayfield [R]	Rep. Reginald Meeks [D]
Rep. Michael Meredith [R]	Rep. Charles Miller [D]	Rep. Terry Mills [D]	Rep. Brad Montell [R]
Rep. Rick Nelson [D]	Rep. Fred Nesler [D]	Rep. David Osborne [R]	Rep. Darryl Owens [D]
Rep. Ruth Palumbo [D]	Rep. Ryan Quarles [R]	Rep. Jody Richards [D]	Rep. Steven Riggs [D]
Rep. Tom Riner [D]	Rep. Carl Rollins [D]	Rep. Bart Rowland [R]	Rep. Steven Rudy [R]
Rep. Sal Santoro [R]	Rep. John Short [D]	Rep. Arnold Simpson [D]	Rep. Kevin Sinnette [D]
Rep. John Stacy [D]	Rep. Fitz Steele [D]	Rep. Jim Stewart [R]	Rep. Wilson Stone [D]
Rep. Gregory Stumbo [D]	Rep. Thomas Thompson [D]	Rep. Tommy Turner [R]	Rep. Ben Waide [R]
Rep. Jim Wayne [D]	Rep. Alecia Webb-Edgington [R]	Rep. Susan Westrom [D]	Rep. Addia Wuchner [R]
Rep. Jill York [R]

Date	Chamber	Action
2012-02-24		posted in committee
2012-02-14		recommitted to Appropriations & Revenue (H)
2012-02-10		2nd reading, to Rules
2012-02-09		reported favorably, 1st reading, to Calendar with Committee Substitute
2012-01-31		posted in committee
2012-01-03		to Economic Development (H)
2012-01-03		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/12RS/HB113.htm
Text	http://www.lrc.ky.gov/record/12RS/HB113/bill.doc