Thursday, May 27, 2010
Senate Committee Passes Revenue Measure
KENTUCKY....
The Senate Appropriations and Revenue Committee voted unanimously Thursday to pass House Bill 2, which, through a series of cost-cutting measures, including caps on state tax incentives, would generate about $88 million over the next two years. The Senate attached four different tax credits to the House version of the revenue measure, including easing requirements on an environmental tax credit targeted at Toyota, although some of those business tax credits will not take effect for the next several years. The bill must be passed in conjunction with the state’s two-year budget.
The Senate Appropriations and Revenue Committee voted unanimously Thursday to pass House Bill 2, which, through a series of cost-cutting measures, including caps on state tax incentives, would generate about $88 million over the next two years. The Senate attached four different tax credits to the House version of the revenue measure, including easing requirements on an environmental tax credit targeted at Toyota, although some of those business tax credits will not take effect for the next several years. The bill must be passed in conjunction with the state’s two-year budget.
# posted by Homer Owens @ 10:01 PM 
