Kentucky House Bill 747 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 1 2022 - 25% progression, died in committee
Action: 2022-03-01 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Create a new section of KRS Chapter 141 to establish a nonrefundable tax credit for security modifications made to the exterior of a residential home or commercial property; establish that the credit shall be equal to the installed costs not to exceed $5,000 per taxable year, with an aggregate total of $10 million per taxable year of all credits allocated as $5 million as credits against the tax imposed under KRS 141.020 and $5 million as credits against the tax imposed under KRS 141.040 and 141.0401; provide that the income limitation for individuals and joint filers shall be $150,000 in adjusted gross income; amend KRS 141.0205 to order the credit; amend KRS 131.091 to allow reporting by the Department of Revenue.

AN ACT relating to a tax credit for security modifications.

Rep. McKenzie Cantrell [D]

Date	Chamber	Action
2022-03-01	House	to Committee on Committees (H)
2022-03-01	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb747.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb747/orig_bill.pdf