HB835Introduced in the House
AN ACT relating to the New Markets Development Program tax credit.
Introduced by J.T. Payne, District 11
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
to Appropriations & Revenue (H)
March 10, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
introduced in House
to Committee on Committees (H)
to Appropriations & Revenue (H)
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.