HB 333 KY

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Introduced

For taxable years beginning on or after January 1, 2023, but before January 1, 2027, create a new section in KRS Chapter 141 to establish the community investment credit for financial institutions making loans to a community development financial institution; establish the annual credit cap at $20 million; require the Department of Revenue to report tax credit data to the Interim Joint Committee on Appropriations and Revenue; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Legislative Research Commission to receive confidential data about the new tax credit from the Department of Revenue.

• W. Lawrence Republican · primary
• J. Calloway Republican · primary
• C. Massey · primary

1. Jan 20, 2022 introduced in House · lower
2. Jan 20, 2022 to Committee on Committees (H) · lower
3. Feb 14, 2022 to Small Business & Information Technology (H) · lower
4. Feb 16, 2022 reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title) · lower
5. Feb 17, 2022 2nd reading, to Rules · lower
6. Feb 17, 2022 recommitted to Appropriations & Revenue (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