Kentucky House Bill 86 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 4 2022 - 25% progression, died in committee
Action: 2022-01-04 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Create a new section of KRS Chapter 198A to establish the nonrefundable Kentucky affordable housing credit for taxable years or periods beginning on or after January 1, 2025, for a period of five years; allow the credit to be applied to the income and insurance taxes, in an amount equal to the amount of federal low-income housing tax credit; provide that the aggregate amount of tax credit for any year shall not exceed $12.5 million; create a new section of KRS Chapter 141 to allow the credit to be applied to income and limited liability entity taxes; amend KRS 141.0205 to order the income tax credit; create new sections of KRS Chapter 136 to allow the credit to be applied to insurance tax; order the insurance tax credits; amend KRS 131.190 to conform.

AN ACT relating to workforce and housing development.

Rep. Randy Bridges [R]	Rep. Kimberly Banta [R]	Rep. Tina Bojanowski [D]	Rep. Deanna Frazier Gordon [R]
Rep. Derrick Graham [D]	Rep. Samara Heavrin [R]	Rep. Nima Kulkarni [D]	Rep. Jerry Miller [R]
Rep. Patti Minter [D]	Rep. Jason Nemes [R]	Rep. Ruth Palumbo [D]	Rep. Sal Santoro [R]

Date	Chamber	Action
2022-01-04	House	to Committee on Committees (H)
2022-01-04	House	introduced in House
2021-11-16	House	Prefiled by the sponsor(s).

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb86.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb86/orig_bill.pdf