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HB 403/FN (BR 1112) - K. Hall, T. Couch, T. Edmonds, D. Graham

     AN ACT relating to the New Markets Tax Credit and declaring an emergency.
     Amend KRS 141.432 modifying the definition of long-term debt security to make the computation of the interest payments limitation on the debt instrument prior to allowing the effect of the interest expense; retroactively applies to June 4, 2010.


     HFA (1/P, T. Moore) - Retain the original provisions of the bill; create a new section of KRS Chapter 141 establishing the job stimulus tax credit for an employer hiring a qualifying employee on or after April 1, 2011, but before April 1, 2013, and amending KRS 141.0205 to place the new credit within the applicable order of all tax credits; EMERGENCY
     HFA (2/Title, T. Moore) - Make title amendment.

     Feb 9-introduced in House
     Feb 10-to Appropriations & Revenue (H)
     Feb 18-posted in committee
     Feb 22-reported favorably, 1st reading, to Consent Calendar
     Feb 23-2nd reading, to Rules; posted for passage in the Consent Orders of the Day Thursday, February 24, 2011; floor amendments (1) and (2-title) filed
     Feb 24-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; floor amendments (1) and (2-title) withdrawn
     Feb 25-3rd reading, passed 93-0
     Feb 28-received in Senate
     Mar 1-taken from Committee on Committees (S); 1st reading; returned to Committee on Committees (S); to Appropriations & Revenue (S)
     Mar 2-taken from Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)

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