2025 Regular Session • Kentucky Legislature
HB372: AN ACT relating to the New Markets Development Program tax credit.
Legislative Summary
Amend KRS 141.433 to allow amounts received as repayment on a qualified low-income community investment and reinvested in another qualified low-income community investment during the same calendar year to be considered continuously held; amend KRS 141.434 to increase the cap on total New Markets Development Program tax credits from $10 million to $20 million in each fiscal year.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
2/6/2025
introduced in House
House of Representatives
2/6/2025
to Committee on Committees (H)
House of Representatives
2/12/2025
to Appropriations & Revenue (H)
House of Representatives
Status Information
Current Status
Introduced(2/6/2025)
Chamber
House of Representatives
Committee
Appropriations and Revenue(House of Representatives)
Sponsors
Republican: 1
Primary Sponsor
Joshua Branscum
Republican