KY HB287 | 2016 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 21 2016 - 25% progression, died in chamber
Action: 2016-01-25 - to Appropriations & Revenue (H)
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on January 21 2016 - 25% progression, died in chamber
Action: 2016-01-25 - to Appropriations & Revenue (H)
Text: Latest bill text (Draft #1) [PDF]
Summary
Amend KRS 141.0405 to once again permit the coal incentive tax credit, which was previously allowed and which sunsetted for most types of facilities in tax year 2009; amend provisions to provide an incentive to taxpayers purchasing coal, that is subject to Kentucky severance and processing tax, for use in the generation of electricity or for certain industrial processes; provide for the sunset of the credit; make technical corrections; repeal KRS 141.0406.
Title
AN ACT relating to tax incentives to promote the increased use of Kentucky coal.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-25 | House | to Appropriations & Revenue (H) |
| 2016-01-21 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/16RS/HB287.htm |
| Text | http://www.lrc.ky.gov/record/16RS/HB287/bill.pdf |
