HB 453 (BR 1686) - K. Hall, R. Henderson, T. Couch, D. Graham, B. Housman, M. King, F. Nesler, J. Richards, S. Rudy, S. Santoro, T. Thompson, B. Yonts
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; amend KRS 141.434 to increase the tax credit cap from $5 million to $13 million each year.
Feb 23-introduced in House
Feb 27-to Appropriations & Revenue (H)