HB 659 KY

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Became Law

Amend KRS 171.397 to increase the maximum credit a taxpayer may claim to $120,000 for owner-occupied residential property and $10 million with regard to all other property and to allow the tax credit to be transferred to financial institutions that are now taxed under the income tax statutes, instead of the bank franchise tax.

• S. Rudy Republican · primary
• D. Osborne Republican · primary

1. Feb 28, 2022 introduced in House · lower
2. Feb 28, 2022 to Committee on Committees (H) · lower
3. Mar 7, 2022 to Economic Development & Workforce Investment (H) · lower
4. Mar 10, 2022 reported favorably, 1st reading, to Calendar · lower
5. Mar 11, 2022 2nd reading, to Rules · lower
6. Mar 11, 2022 posted for passage in the Regular Orders of the Day for Monday, March 14, 2022 · lower
7. Mar 15, 2022 3rd reading, passed 85-2 · lower
8. Mar 16, 2022 received in Senate · upper
9. Mar 16, 2022 to Committee on Committees (S) · upper
10. Mar 21, 2022 to Appropriations & Revenue (S) · upper
11. Mar 29, 2022 taken from Appropriations & Revenue (S) · upper
12. Mar 29, 2022 1st reading · lower
13. Mar 29, 2022 returned to Appropriations & Revenue (S) · upper
14. Mar 30, 2022 taken from Appropriations & Revenue (S) · upper
15. Mar 30, 2022 2nd reading · lower
16. Mar 30, 2022 returned to Appropriations & Revenue (S) · upper
17. Mar 30, 2022 floor amendments (1-title) and (2) filed · lower
18. Apr 14, 2022 reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) as a consent bill · lower
19. Apr 14, 2022 posted for passage in the Consent Orders of the Day for Thursday, April 14, 2022 · lower
20. Apr 14, 2022 3rd reading · lower
21. Apr 14, 2022 floor amendments (2) and (1-title) withdrawn · lower
22. Apr 14, 2022 passed 36-0 with Committee Substitute (1) and Committee Amendment (1-title) · lower
23. Apr 14, 2022 received in House · lower
24. Apr 14, 2022 to Rules (H) · lower
25. Apr 14, 2022 taken from Rules · lower
26. Apr 14, 2022 posted for passage for concurrence in Senate Committee Substitute (1) and committee amendment (1-title) · lower
27. Apr 14, 2022 House concurred in Senate Committee Substitute (1) and Committee Amendment (1-title) · lower
28. Apr 14, 2022 passed 71-15 · lower
29. Apr 14, 2022 enrolled, signed by Speaker of the House · lower
30. Apr 14, 2022 enrolled, signed by President of the Senate · upper
31. Apr 14, 2022 delivered to Governor · lower
32. Apr 25, 2022 signed by Governor (Acts Ch. 238) · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Acts Chapter 238 · PDF
• Current/Final · PDF
• Introduced · PDF