KY SB152 | 2020 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 6 2020 - 25% progression, died in committee
Action: 2020-02-10 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 6 2020 - 25% progression, died in committee
Action: 2020-02-10 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 141.438 to provide definitions; expand the Endow Kentucky tax credit cap to $5 million annually instead of the current tax credit cap of $1 million annually; provide that 20% of the tax credit cap is reserved for foundations and funds that exclusively serve rural counties; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Title
AN ACT relating to the Endow Kentucky tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-10 | Senate | to Appropriations & Revenue (S) |
| 2020-02-06 | Senate | introduced in Senate |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/20RS/sb152.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb152/orig_bill.pdf |
