KY HB471 | 2020 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 21 2020 - 25% progression, died in committee
Action: 2020-02-24 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 21 2020 - 25% progression, died in committee
Action: 2020-02-24 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 141.438 to provide definitions; expand the Endow Kentucky tax credit cap to $5 million annually instead of the current tax credit cap of $1 million annually; provide that 2 percent of the tax credit cap is reserved for foundations and funds that exclusively serve rural counties; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Title
AN ACT relating to the Endow Kentucky tax credit.
Sponsors
Rep. Mark Hart [R] | Rep. Joe Graviss [D] |
History
Date | Chamber | Action |
---|---|---|
2020-02-24 | House | to Appropriations & Revenue (H) |
2020-02-21 | House | introduced in House |
Subjects
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/20RS/hb471.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb471/orig_bill.pdf |