AN ACT relating to promise zone tax incentives. Amend KRS 139.570 to allow additional compensation for sellers in the promise zone; create a new section of KRS Chapter 141 to allow an income tax credit for qualified employees equal to the individual income tax on wages earned in the promise zone, not to exceed $2,400; allow an income tax credit for qualified employers in an amount equal to $100 for each employee working within the promise zone; require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the new tax credits; create a noncodified section to set forth the purpose of the Act and describe actions previously taken by the federal government.
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2016
Committee Review
Floor Vote
Governor
Introduced Aug 5, 2016
Last action Jan 3, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 3, 2017
Committee
To Appropriations & Revenue (H)
legislature
Jan 3, 2017
Introduced
Introduced in House
legislature
Aug 5, 2016
Introduced
Prefiled by the sponsor(s).
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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