SB 21 (BR 1184) - D. Adams
AN ACT relating to revenue and taxation.
Create new sections of KRS Chapter 141 to provide definitions and provide an income tax credit for a qualified company engaged in the severance or processing of coal for the first time after December 31, 2001, that employs at least 10 employees and makes a qualified investment of at least $100,000 but not more the $1 million in qualified costs; provide that a qualified company may require a job assessment fee as a condition of employment not to exceed 6%; provide that the employee receive a tax credit against the state income tax and local occupational tax for the job assessment fee; amend KRS 141.310 and 141.0205 to conform.
(Prefiled by the sponsor(s))
Jan 8-introduced in Senate
Jan 10-to Agriculture and Natural Resources (S)