HB 86 KY

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Introduced

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.

• R. Bridges Republican · primary
• K. Banta Republican · primary
• T. Bojanowski Democratic · primary
• D. Frazier Gordon · primary
• D. Graham · primary
• S. Heavrin Republican · primary
• N. Kulkarni Democratic · primary
• J. Miller · primary
• P. Minter · primary
• J. Nemes Republican · primary
• R. Palumbo · primary
• S. Santoro · primary

1. Nov 16, 2021 Prefiled by the sponsor(s). · lower
2. Jan 4, 2022 introduced in House · lower
3. Jan 4, 2022 to Committee on Committees (H) · 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.

• Introduced · PDF