Kentucky House Bill 518 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 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]

Create a new section of KRS Chapter 141 to provide the state abandoned building income tax credit and require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the credit; amend various sections of KRS Chapters 131 and 141 to conform with the reporting requirements and make technical corrections; amend KRS 154.32-080 to allow a preliminarily approved company also qualifying for the abandoned building tax credit, with an investment of $1 million or more, to also request an advance disbursement.

AN ACT relating to taxation.

Rep. Dennis Keene [D]

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/HB518.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB518/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB518/FN.pdf