Kentucky HB 472: AN ACT relating to taxation. Amend KRS 141.432 to require that a qualified community development entity be organized or formed in and have its principal place of business in Kentucky and commit to invest federal new market tax credits in the same dollar amount as it invests state new markets tax credits; amend KRS 141.433 to require the Department of Revenue to make available to the public a list of all qualified community development entities that were certified for the credit as well as their respective credit amounts; require the Department of Revenue to report information regarding the new markets development program tax credit to the Legislative Research Commission; determine order of application of tax credits; amend various sections of KRS Chapters 131 and 141 to conform and make technical changes.

Status: To Appropriations & Revenue (H) (as of 2017-02-21)

State: Kentucky · Session: 2017RS · Bill: HB 472

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