Kentucky House Bill 21 (Prior Session Legislation)

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Sponsorship: Bipartisan Bill
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 139.570 to allow additional compensation for sellers in the promise zone; create a new section of KRS Chapter 141 to allow an income tax credit for qualified employees equal to the individual income tax on wages earned in the promise zone, not to exceed $2,400; allow an income tax credit for qualified employers in an amount equal to $100 for each employee working within the promise zone; require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the new tax credits; create a noncodified section to set forth the purpose of the Act and describe actions previously taken by the federal government.

AN ACT relating to promise zone tax incentives.

Rep. Rick Nelson [D]

Rep. Regina Huff [R]

Date	Chamber	Action
2017-01-03	House	to Appropriations & Revenue (H)
2017-01-03	House	introduced in House
2016-08-05	House	Prefiled by the sponsor(s).

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB21.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB21/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB21/FN.pdf