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HB 485 KY
Introduced

AN ACT relating to the New Markets Development Program tax credit.

KY · session 2024RS · Assembly / House · bill

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Introduced Feb 7, 2024

Latest action (Feb 7, 2024) to Committee on Committees (H)

Summary

Amend KRS 141.433 to allow amounts received as repayment on a qualified low-income community investment and reinvested in another qualified low-income community investment during the same calendar year to be considered continuously held; amend KRS 141.434 to increase the cap on total New Markets Development Program tax credits to $20 million in each fiscal year.

Sponsor (1)

Action history (2)
  1. Feb 7, 2024 introduced in House · lower
  2. Feb 7, 2024 to Committee on Committees (H) · lower
Subjects
Loans and CreditTaxationTaxation, Income--Corporate

Text versions (1)

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

Full text

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Data from OpenStates. View on OpenStates →