KY HB453 | 2012 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 8-4)
Status: Introduced on February 23 2012 - 25% progression, died in committee
Action: 2012-02-27 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 23 2012 - 25% progression, died in committee
Action: 2012-02-27 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 141.432 to modify the definition of "long-term debt security" to allow for computation of the interest payment limitation prior to allowing the effect of the interest expense; amend KRS 141.434 to increase the tax credit cap from $5 million to $13 million each year.
Title
AN ACT relating to the New Markets Development Program tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-27 | to Appropriations & Revenue (H) | |
| 2012-02-23 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/12RS/HB453.htm |
| Text | http://www.lrc.ky.gov/record/12RS/HB453/bill.doc |
