SB 117 (BR 1374) - M. Wilson, D. Givens, D. Parrett
AN ACT relating to tax credits for the purchase of qualified plug-in electric drive vehicles.
Create a new section of KRS Chapter 141 to provide a nonrefundable credit against the income tax imposed under KRS 141.020 or 141.040, and the limited liability entity tax imposed under KRS 141.0401, establish program tax credit cap; amend KRS 141.0205 to establish the order in which the credit may be taken; EFFECTIVE for tax periods beginning after December 31, 2012 and before January 1, 2026.
Feb 8-introduced in Senate
Feb 10-to Appropriations & Revenue (S)