SB 117 AN ACT relating to tax credits for the purchase of qualified plug in electric drive vehicles

About SB-117

Create a new section of KRS Chapter 141 to provide a nonrefundable credit against the income tax imposed under KRS 141.020 or 141.040, and the limited liability entity tax imposed under KRS 141.0401, establish program tax credit cap; amend KRS 141.0205 to establish the order in which the credit may be taken; EFFECTIVE for tax periods beginning after December 31, 2012 and before January 1, 2026.