Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Senator Rhoads Files Disaster Tax Relief Bill

comm of ky 300FRANKFORT, Ky. (2/20/14) – Senator Jerry P. Rhoads today filed legislation establishing a tax credit for taxpayers who assist in disaster relief or emergency response by providing goods and services of value.

Senate Bill 151 would allow a tax credit of 20 percent of the value of the donated goods or services up to exceed $10,000.

To qualify, the goods or services must be provided by the taxpayer free of charge and at the request or approval of the Commonwealth; any county, city or taxing district within the Commonwealth; any authorized state or local emergency management official, or any authorized law enforcement or fire protection personnel .

“We have been fortunate to have so many citizens and businesses volunteer their services or make donations to assist governmental units and agencies as they struggle to provide services to their citizens during natural disasters,” said Senator Rhoads, D-Madisonville. “This measure would simply offer some tax relief for those taxpayers and a further incentive to help in times of disaster.”

The credit pool available for each fiscal year is limited to $1 million.

The tax credit is nonrefundable, but any amount that is not used may be carried forward to a subsequent taxable year, not to exceed five years.

A taxpayer must apply for the disaster relief credit within 30 days of providing the goods or services.

A disaster under this measure includes damage resulting from flood, tornado, ice storm, earthquake or other natural catastrophe; a riot, invasion or civil disorder; explosion or fire; power failure, energy shortage or transportation emergency, or other similar man-made catastrophe, calamity or emergency.

SB 151 will be considered during the 2014 Session.

Senator Rhoads represents the 6th Senatorial District that includes Butler, Hopkins, Muhlenberg and Ohio counties.

SurfKY News
Information provided by Senate Democratic Office

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013
Started 11/8/2013

In Other News...

Owensboro Police Department Reports Activity

OWENSBORO, Ky. (7/14/14) — Owensboro Police Department reported the following recent arrests and citations: Dawsyn… Read More

Cleaner School Buses Coming to Crittenden County

FRANKFORT, Ky. (7/14/14) — Governor Steve Beshear announced that the Kentucky Division for Air Quality has awarded… Read More
Started 11/8/2013
Started 11/8/2013

Most Read This Week (Site-Wide)

July 14, 2014 11963

UPDATE: Woman Charged in Central City…

in Top Stories by Charles W. Riley II, SurfKY News
July 11, 2014 6004

Madisonville Kmart to Close in October

in Top Stories by Ami Clayton, SurfKY News
July 11, 2014 4245

Hopkins County Health Department Food…

in News by Lisa Miller
July 11, 2014 2786

Local Man Dies After Bike Collides With…

in Top Stories by Robert D. Littlepage
July 11, 2014 2145

Hopkins County Grand Jury Indictments

in News by Karen McKnight

Most Read Stories from Hopkins County

July 11, 2014 6004

Madisonville Kmart to Close in October

in Top Stories by Ami Clayton, SurfKY News
July 11, 2014 2786

Local Man Dies After Bike Collides With…

in Top Stories by Robert D. Littlepage
July 10, 2014 1845

UPDATED: MFD Battles Blaze on South…

in Top Stories by Rita Dukes Smith, SurfKY News Director
July 11, 2014 1704

White Plains Man Arrested for Sodomy

in Top Stories by Hopkins County Sheriff’s Office
July 10, 2014 1496

Single Vehicle Injury Collision on US 62

in Top Stories by Trooper S. C. Recke

Most Read Stories from Owensboro

July 11, 2014 1086

Owensboro Police Department Reports…

in News by Dennis Beard, SurfKY News
July 10, 2014 995

Daviess County Traffic Advisory

in News by Keith Todd
July 11, 2014 806

President Obama Awards Brescia University…

in News by Tina Kasey
July 11, 2014 692

Portion of Spring Bank Drive Closed July…

in News by Beth Cecil
July 11, 2014 677

Portion of Southeastern Parkway Closed…

in News by Beth Cecil

Most Read Stories from Muhlenberg County

July 14, 2014 11963

UPDATE: Woman Charged in Central City…

in Top Stories by Charles W. Riley II, SurfKY News
July 11, 2014 1726

Muhlenberg District Court Fines Handed…

in Top Stories by Charles W. Riley II, SurfKY News
July 12, 2014 1082

July Chamber Meeting

in Top Stories by Charles W. Riley II, SurfKY News

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03