KY HB325 | 2020 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 24 2020 - 25% progression, died in committee
Action: 2020-01-28 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 24 2020 - 25% progression, died in committee
Action: 2020-01-28 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 171.396 to expand the certified rehabilitation tax credit cap to $30 million annually instead of the current tax credit cap of $5 million annually; define a rural county; amend KRS 171.397 to allow a 30% credit for qualified expenses for property located within a rural county; change the maximum credit that can be claimed for all other property that is not owner-occupied residential to $5 million annually instead of the current cap of $400,000 annually; and reserve 40% of the certified rehabilitation credit cap for property located in a rural county.
Title
AN ACT relating to the certified rehabilitation tax credit cap.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-28 | House | to Appropriations & Revenue (H) |
2020-01-24 | House | introduced in House |
Subjects
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/20RS/hb325.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb325/orig_bill.pdf |