LRC Seal



WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 394/FN (BR 1519) - T. Thompson, R. Damron, S. Brinkman, R. Crimm, F. Nesler, D. Osborne, B. Yonts

     AN ACT relating to the new home tax credit for income tax purposes and declaring an emergency.
     Amend KRS 141.388 to lower the new home tax credit cap to $15 million and allow certain purchases qualifying for the federal first-time home buyer tax credit to also receive the Kentucky new home tax credit; apply the amended new home tax credit cap to all purchases of qualified principal residences within the approved time; apply the expansion of the new home tax credit to purchases of qualified principal residences after November 6, 2009; EMERGENCY.


     HCS/FN - Retain original provisions; clarify that a qualified buyer who purchases a qualified principal residence on or after November 6, 2009, but before the effective date of this Act shall have 7 days from the effective date of this Act to submit via fax a completed application.

     Feb 5-introduced in House
     Feb 8-to Appropriations & Revenue (H)
     Feb 26-posted in committee
     Mar 2-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 3-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Monday, March 8, 2010
     Mar 8-3rd reading, passed 95-0 with Committee Substitute
     Mar 9-received in Senate
     Mar 10-to Appropriations & Revenue (S)

Vote History
Legislature Home Page | Record Front Page