AN ACT relating to the New Markets Development Program tax credit.

Where it is in the process

Plain-English 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.

Source: OpenStates · fetched March 10, 2026

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