KY HB165 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2017 - 25% progression, died in committee
Action: 2017-02-07 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Summary

Amend KRS 141.0405 to once again permit the coal incentive tax credit, which was previously allowed and which sunsetted for most types of facilities in tax year 2009; amend provisions to provide an incentive to taxpayers purchasing coal, that is subject to Kentucky severance and processing tax, for use in the generation of electricity or for certain industrial processes; provide for the sunset of the credit; make technical corrections; repeal KRS 141.0406, relating to claims for the coal incentive tax credit.

Tracking Information

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Title

AN ACT relating to tax incentives to promote the increased use of Kentucky coal.

Sponsors


History

DateChamberAction
2017-02-07Houseto Appropriations & Revenue (H)
2017-01-07Houseintroduced in House

Kentucky State Sources


Bill Comments

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