HB 485

  • Kentucky House Bill
  • 2024 Regular Session
  • Introduced in House Feb 07, 2024
  • House
  • Senate
  • Governor

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

Abstract

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.

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Feb 07, 2024

House

introduced in House

House

to Committee on Committees (H)

Bill Text

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Introduced PDF

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Sources

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