HB 505 (BR 115) - E. Ballard
AN ACT relating to tax credits for purchase of coal combustion by-product.
Create a new section of KRS Chapter 141 to provide for a $2.00 per ton individual and corporation income tax credit for the purchase of coal combustion by-product for use as construction aggregate or fill material; provide that the credit be allowed for five years; provide that credit not be carried forward for tax years beyond the year in which purchase is made; provide for credit pass-through in same proportion as the distributive share of income or loss is passed through; provide for proof of purchase for tax credit; amend KRS 141.0205 to add tax credit.
Feb 13-introduced in House
Feb 17-to Appropriations and Revenue (H)