Kentucky House Bill 371 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 15-5)
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Create a new section of KRS Chapter 198A to establish the nonrefundable Kentucky affordable housing credit; 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; 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 tax credits.

Rep. Randy Bridges [R]	Rep. Kimberly Banta [R]	Rep. Danny Bentley [R]	Rep. Myron Dossett [R]
Rep. Joseph Fischer [R]	Rep. Kelly Flood [D]	Rep. Joe Graviss [D]	Rep. David Hale [R]
Rep. Mark Hart [R]	Rep. Richard Heath [R]	Rep. Samara Heavrin [R]	Rep. Suzanne Miles [R]
Rep. Jerry Miller [R]	Rep. Patti Minter [D]	Rep. Jason Nemes [R]	Rep. Ruth Palumbo [D]
Rep. Phillip Pratt [R]	Rep. Rob Rothenburger [R]	Rep. Sal Santoro [R]	Rep. Susan Westrom [D]

Date	Chamber	Action
2020-02-05	House	to Appropriations & Revenue (H)
2020-02-03	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb371.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb371/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb371/FN.pdf