AN ACT relating to the New Markets Development Program tax credit.
Introduced on 3/3/26
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From the Legislature
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.
Sponsors
0
1
R
Democratic CaucusRepublican Caucus