KY HB372 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-06 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-06 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 141.433 to allow amounts received as repayment on a qualified low-income community investment and reinvested in another qualified low-income community investment during the same calendar year to be considered continuously held; amend KRS 141.434 to increase the cap on total New Markets Development Program tax credits from $10 million to $20 million in each fiscal year.
Title
AN ACT relating to the New Markets Development Program tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-06 | House | to Committee on Committees (H) |
| 2025-02-06 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/25RS/hb372.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb372/orig_bill.pdf |
