KY HB485 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-07 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2024 - 25% progression
Action: 2024-02-07 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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 to $20 million in each fiscal year.
Title
AN ACT relating to the New Markets Development Program tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-07 | House | to Committee on Committees (H) |
| 2024-02-07 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/24RS/hb485.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb485/orig_bill.pdf |
