AN ACT relating to the New Markets Development Program tax credit.
     Amend KRS 141.432 to modify the definition of "long-term debt security" to allow for computation of the interest payment limitation prior to allowing the effect of the interest expense.

     Feb 23-introduced in House
     Feb 27-to Appropriations & Revenue (H)
     Mar 16-posted in committee
     Mar 20-reported favorably, 1st reading, to Consent Calendar
     Mar 21-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Thursday, March 22, 2012
     Mar 22-3rd reading, passed 93-4
     Mar 23-received in Senate
     Mar 26-to Appropriations & Revenue (S)