HB 376 (BR 1138) - J. Wayne, D. Floyd, M. Harmon, J. Higdon, S. Lee, D. Owens
AN ACT relating to a tax credit for investments in adult stem cell research.
Create a new section of KRS Chapter 141 to define "adult stem cell investment" as an investment in adult stem cell research and does not include human stem cell research from human embryos; allow a nonrefundable tax credit of 50% of the cost of an approved adult stem cell investment, subject to a $500,000 maximum per year, and a total of $3 million for all taxpayers in each calendar year; permit unused credit to be carried forward for 10 years; and amend KRS 141.0205 to list the adult stem cell investment credit to be taken against individual and corporate taxes.
Feb 9-introduced in House
Feb 10-to Appropriations and Revenue (H)