Kentucky House Bill 488 (Prior Session Legislation)

---

Spectrum: Moderate Partisan Bill (Republican 16-4)
Status: Introduced on February 20 2019 - 25% progression, died in committee
Action: 2019-02-21 - 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 related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $5,250,000; create a new section of KRS Chapter 141 to allow the credit income to be applied to 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. Myron Dossett [R]	Rep. Chris Fugate [R]	Rep. Jim Gooch [R]
Rep. Mark Hart [R]	Rep. Richard Heath [R]	Rep. Adam Koenig [R]	Rep. Derek Lewis [R]
Rep. David Meade [R]	Rep. Russ Meyer [D]	Rep. Jerry Miller [R]	Rep. Patti Minter [D]
Rep. Tim Moore [R]	Rep. Phillip Pratt [R]	Rep. Rob Rothenburger [R]	Rep. Sal Santoro [R]
Rep. Diane St Onge [R]	Rep. Nancy Tate [R]	Rep. Susan Westrom [D]	Rep. Lisa Willner [D]

Date	Chamber	Action
2019-02-21	House	to Appropriations & Revenue (H)
2019-02-20	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/19RS/hb488.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/19RS/hb488/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/19RS/hb488/FN.pdf