13RS HB141
LRC Seal

HB141

13RS

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.


HB 141/FN (BR 299) - T. McKee, M. Denham, J. Bell, R. Bunch, Dw. Butler, L. Clark, J. Donohue, M. Dossett, C. Embry Jr., J. Glenn, D. Graham, R. Heath, K. King, M. King, C. Miller, T. Mills, S. Overly, R. Quarles, T. Riner, B. Rowland, J. Shell, R. Smart, W. Stone, G. Stumbo, T. Thompson, T. Turner, G. Watkins, S. Westrom, B. Yonts

     AN ACT relating to tax credits for farmers.
     Create a new section of KRS Chapter 141 to define "donor," "edible agricultural products," "nonprofit food program," and "qualified taxpayer"; allow a qualified taxpayer/donor to receive a tax credit for donating edible agricultural products to nonprofit food programs; set the tax credit amount at ten percent; establish requirements for pass-through entities; describe the forms that shall be used to record donation information; describe standards for estimating the value of donated edible agricultural products; allow a tax credit to be carried forward to subsequent years; amend KRS 141.0205 to specify the ordering of the credit; clarify the farm operation tax credit; make technical corrections.

HB 141 - AMENDMENTS


     HCS/FN - Create a new section of KRS Chapter 141 to define "donor," "edible agricultural products," "nonprofit food program," and "qualified taxpayer"; allow a qualified taxpayer/donor to receive a tax credit for donating edible agricultural products to nonprofit food programs; set the tax credit amount at 10 percent; establish requirements for pass-through entities; describe the forms required to be used to record donation information; describe standards for estimating the value of donated edible agricultural products; allow a tax credit to be carried forward to subsequent years; require the sunset of the tax credit after 4 years; amend KRS 141.0205 to specify the ordering of the credit; clarify the farm operation tax credit; make technical corrections.

     Jan 11-introduced in House
     Feb 5-to Appropriations & Revenue (H)
     Feb 15-posted in committee
     Feb 19-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 20-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 21, 2013
     Feb 21-3rd reading, passed 97-0 with Committee Substitute
     Feb 22-received in Senate
     Feb 26-to Appropriations & Revenue (S)

Vote History
Legislature Home Page | Record Front Page