KY HB518 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 17 2017 - 25% progression, died in committee
Action: 2017-02-21 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 17 2017 - 25% progression, died in committee
Action: 2017-02-21 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
Create a new section of KRS Chapter 141 to provide the state abandoned building income tax credit and require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the credit; amend various sections of KRS Chapters 131 and 141 to conform with the reporting requirements and make technical corrections; amend KRS 154.32-080 to allow a preliminarily approved company also qualifying for the abandoned building tax credit, with an investment of $1 million or more, to also request an advance disbursement.
Title
AN ACT relating to taxation.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-21 | House | to Appropriations & Revenue (H) |
| 2017-02-17 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/17RS/HB518.htm |
| Text | http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB518/bill.pdf |
| Supplement | http://www.lrc.ky.gov/recorddocuments/note/17RS/HB518/FN.pdf |
