98RS HB586


Unofficial WWW Version

HB 586/FN (BR 2026) - J. Wayne, P. Clark

     AN ACT relating to tax credits.
     Create a new section of KRS Chapter 141 to create an income tax credit for gas collected from landfills in Kentucky; provide that the amount of the credit shall be increased annually; provide that the credit shall apply to gas collected and used for energy after December 31, 1997 and before January 1, 2008; provide that the Division of Energy in the Natural Resources and Environmental Protection Cabinet shall certify the volume of methane gas collected and its BTU content; amend KRS 141.0205 to provide the order in which the credit is to be taken.

     Feb 11-introduced in House
     Feb 12-to Appropriations and Revenue (H)
     Mar 11-posting waived

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