Taxation, Income--Individual Legislation - Kentucky

Create various new sections of KRS Chapter 141 to establish a nonrefundable educational scholarship tax credit program for corporations, limited liability pass-through entities, estates, trusts, or fiduciaries that contribute to scholarship organizations that provide educational scholarships to eligible students, establish a family education tax credit program for individuals who directly pay for tuition and other educational expenses of eligible students who are dependents of the individual; define terms; establish maximum credit amounts; direct the Department of Revenue to promulgate regulations and publish lists; amend KRS 141.010 to exempt amounts received as scholarship grants from "adjusted gross income"; amend KRS 141.0205 to establish the order in which the nonrefundable family education tax credit and the educational scholarship tax credit is applied against tax imposed by KRS 141.020,141.040, and 141.0401; apply the credit beginning with the 2008 tax year; and create a new section [...]

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Create new sections of KRS Chapter 148 to provide individual income tax, corporation income tax, limited liability entity tax, and sales tax incentives for locating a film production facility in Kentucky or filming or producing a motion picture production in Kentucky; define terms; establish qualifications including minimum capital investment and minimum qualifying expenditures and minimum qualifying payroll expenditures, application and reporting requirements; require the Kentucky Film Office to administer the incentive program; authorize the Kentucky Film Office to enter into a film industry tax incentive agreement; authorize the promulgation of administrative regulations by the Kentucky Film Office and the Department of Revenue; create a new section of KRS 141 to create a motion picture film production nonrefundable credits for a new film production facility or renovation of an existing structure to become a film production facility and a motion picture production that is filmed or produced [...]

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Amend KRS 56.770 to define "cabinet," "high-performance building," "high-performance building standards," and "public building"; amend KRS 56.772, 56.774, 56.775, 56.778, 56.783, and 56.784 to conform; amend KRS 56.775 to require that all construction or renovation of public buildings for which 50% or more of the total capital cost is paid by the Commonwealth be designed and constructed or renovated to meet the high-performance building standards; require that all buildings leased by the Commonwealth or any of its agencies meet the high-performance building standards; require incorporation of ENERGY STAR-qualified products to the extent feasible; create a new section of KRS 56.770 to 56.784 to create a High-performance Buildings Advisory Committee to make recommendations to the Finance and Administration Cabinet; require the Finance and Administration Cabinet to promulgate administrative regulations and develop standards and criteria; amend KRS 56.782 to require the Finance and Administration [...]

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