Kentucky House Bill 344 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 2 2021 - 25% progression, died in committee
Action: 2021-02-02 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

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; amend KRS 141.0205 to allow for ordering of the credits.

AN ACT relating to the certified rehabilitation tax credit cap.

Rep. Adam Bowling [R]

Date	Chamber	Action
2021-02-02	House	to Committee on Committees (H)
2021-02-02	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/21RS/hb344.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/21RS/hb344/orig_bill.pdf