HB 333

  • Kentucky House Bill
  • 2022 Regular Session
  • Introduced in House Jan 20, 2022
  • House
  • Senate
  • Governor

AN ACT relating to the community investment tax credit.

Abstract

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.

Bill Sponsors (3)

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Actions


Feb 17, 2022

House

2nd reading, to Rules

House

recommitted to Appropriations & Revenue (H)

Feb 16, 2022

House

reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)

Feb 14, 2022

House

to Small Business & Information Technology (H)

Jan 20, 2022

House

introduced in House

House

to Committee on Committees (H)

Bill Text

Bill Text Versions Format
Introduced PDF

Related Documents

Document Format
Proposed House Committee Amendment 1
Proposed House Committee Substitute 1

Sources

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