Monthly Archives: March 2016

Senate Bill 148 and House Bill 541

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SFNA says:

Please support HB 541 or SB 148. Kentucky is one of only two states in which the Capitol building is located in a residential area. The Frankfort Independent school system is hampered because 75% of property in the district is tax exempt due to use by state and local government. We need funding worthy of our Capitol.

from FIS Superintendent Dr Houston Barber:

Senate Bill 148 and House Bill 541

We are gaining even more momentum.  Please review the attached SB 148 and HB 541, the Fiscal Notes, and Talking Points. Furthermore, I have included who is on the A & R Committee in the Senate (below) and Education Committee in the House (below).  Please call, email, and visit with your legislators to ensure that we get the support needed to pass SB 148 and/or HB 541.  This will be a game changer for Frankfort Independent Schools.

                A & R Committee – Senate

 

Education Committee – House of Representatives

SB 148 and HB 541 Talking Points
SB 148
Fiscal Note – SB 148
HB 541 – FN
HB 541
SB 148 – State Journal

Federal Historic Rehabilitation Tax Credits – Annual Report for 2015

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This is the federal report that summarizes the national impact of the federal rehabilitation tax credit, which is available to income-producing historic properties.  This credit has been used on over 41,000 projects around the country, generating $78 billion in investment, since its inception in 1976.

In 2015, 870 projects were completed and 1283 more were approved, representing $11 billion in rehabilitation expenses to revitalize those places of cultural, economic, and social significance to our local communities.  Over a third of the housing units created were for moderate and low-income individuals/families.  Each project generated an average of 98 local jobs.

Kentucky’s approved and completed projects in 2015 amounted to $100 million alone.

Annual report
http://www.nps.gov/tps/tax-incentives/taxdocs/tax-incentives-2015annual.pdf

 Statistical report
http://www.nps.gov/tps/tax-incentives/taxdocs/tax-incentives-2015statistical.pdf