Kentucky House Bill 325 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 24 2020 - 25% progression, died in committee
Action: 2020-01-28 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Amend KRS 171.396 to expand the certified rehabilitation tax credit cap to $30 million annually instead of the current tax credit cap of $5 million annually; define a rural county; amend KRS 171.397 to allow a 30% credit for qualified expenses for property located within a rural county; change the maximum credit that can be claimed for all other property that is not owner-occupied residential to $5 million annually instead of the current cap of $400,000 annually; and reserve 40% of the certified rehabilitation credit cap for property located in a rural county.

AN ACT relating to the certified rehabilitation tax credit cap.

Rep. Adam Bowling [R]

Rep. Terri Branham Clark [D]

Rep. Ruth Palumbo [D]

Date	Chamber	Action
2020-01-28	House	to Appropriations & Revenue (H)
2020-01-24	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/hb325.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb325/orig_bill.pdf