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Bill results

in committee · Kentucky · House Feb 15, 2017

HB 355: AN ACT relating to tax credits. Create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit, which applies to the income and insurance taxes, in an amount related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $5,250,000; create a new section of KRS Chapter 141 to allow the income tax credit; amend KRS 141.0205 to order the income tax credit; create a new section of KRS Chapter 136 to order the insurance tax credits; amend various statutes to conform.

To Appropriations & Revenue (H)
in committee · Kentucky · Senate Feb 15, 2017

SB 179: AN ACT relating to coverage for fertility preservation services. Create a new section of Subchapter 17A of KRS Chapter 304 to require health benefit plans that provide coverage for cancer-related health care services to also provide coverage for medically necessary fertility preservation services; establish requirements for coverage; require health benefit plans that provide prescription drug coverage to also provide coverage for medications associated with oocyte and sperm cryopreservation procedures; establish requirements for covered procedures; EFFECTIVE January 1, 2018.

To Banking & Insurance (S)
in committee · Kentucky · House Feb 15, 2017

HB 320: AN ACT relating to deferred deposit transactions. Amend KRS 286.9-010 to define "annual percentage rate," "consideration," and "interest"; amend KRS 286.9-100 to delete the service fee of $15 per $100 and establish a maximum annual percentage rate of 36% for deferred deposit transactions; provide that making a deferred deposit transaction in violation of the maximum interest provisions is an unfair, false, misleading, and deceptive practice in violation of the Consumer Protection Act and subject to its rights and remedies; prohibit a licensee from engaging in deceptive practices to evade the requirements of Subtitle 9 of KRS Chapter 286; amend KRS 286.9-102 to require a licensee to conspicuously display interest charges for services; create a new section of Subtitle 9 of KRS Chapter 286 to provide that knowing violation of the maximum allowable interest rate provisions shall be deemed a forfeiture of the entire interest for the transaction and the person who paid the interest, or his or her legal representative, may recover twice the amount paid in any action against the lender if commenced within two years of the deferred deposit transaction.

To Banking & Insurance (H)
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