Kentucky House Bill 142 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 16-5)
Status: Introduced on January 5 2021 - 25% progression, died in committee
Action: 2021-01-05 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Create a new section of KRS Chapter 198A to establish the nonrefundable Kentucky affordable housing credit for taxable years or periods beginning on or after January 1, 2024, for a period of five years; allow the credit to be applied to the income and insurance taxes, in an amount equal to the amount of federal low-income housing tax credit; provide that the aggregate amount of tax credit for any year shall not exceed $12.5 million; create a new section of KRS Chapter 141 to allow the credit to be applied to income and limited liability entity taxes; amend KRS 141.0205 to order the income tax credit; create new sections of KRS Chapter 136 to allow the credit to be applied to insurance tax; order the insurance tax credits; amend KRS 131.190 to conform.

AN ACT relating to the Kentucky Affordable Housing Act.

Rep. Randy Bridges [R]	Rep. Kimberly Banta [R]	Rep. Tina Bojanowski [D]	Rep. Jennifer Henson Decker [R]
Rep. Jonathan Dixon [R]	Rep. Jim Duplessis [R]	Rep. Joseph Fischer [R]	Rep. David Hale [R]
Rep. Mark Hart [R]	Rep. Samara Heavrin [R]	Rep. Regina Huff [R]	Rep. Suzanne Miles [R]
Rep. Jerry Miller [R]	Rep. Patti Minter [D]	Rep. Ruth Palumbo [D]	Rep. Phillip Pratt [R]
Rep. Josie Raymond [D]	Rep. Sal Santoro [R]	Rep. Steve Sheldon [R]	Rep. Killian Timoney [R]
Rep. Susan Westrom [D]

Date	Chamber	Action
2021-01-05	House	to Committee on Committees (H)
2021-01-05	House	introduced in House
2020-12-11	House	Prefiled by the sponsor(s).

Type	Source
Summary	https://apps.legislature.ky.gov/record/21RS/hb142.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/21RS/hb142/orig_bill.pdf