Kentucky House Bill 589 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 27 2018 - 25% progression, died in committee
Action: 2018-03-01 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit, which applies to the income and insurance taxes, in an amount related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $3,500,000; create a new section of KRS Chapter 141 to allow the income tax credit; amend KRS 141.0205 to order the income tax credit; create a new section of KRS Chapter 136 to order the insurance tax credits; amend various statutes to conform.

AN ACT relating to affordable housing for veterans and senior citizens.

Rep. Rob Rothenburger [R]

Rep. Jody Richards [D]

Date	Chamber	Action
2018-03-01	House	to Appropriations & Revenue (H)
2018-02-27	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB589.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB589/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB589/FN.pdf