Kentucky House Bill 472 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 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]

Amend KRS 141.432 to require that a qualified community development entity be organized or formed in and have its principal place of business in Kentucky and commit to invest federal new market tax credits in the same dollar amount as it invests state new markets tax credits; amend KRS 141.433 to require the Department of Revenue to make available to the public a list of all qualified community development entities that were certified for the credit as well as their respective credit amounts; require the Department of Revenue to report information regarding the new markets development program tax credit to the Legislative Research Commission; determine order of application of tax credits; amend various sections of KRS Chapters 131 and 141 to conform and make technical changes.

AN ACT relating to taxation.

Rep. Phillip Pratt [R]

Date	Chamber	Action
2017-02-21	House	to Appropriations & Revenue (H)
2017-02-17	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB472.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB472/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB472/FN.pdf