KY HB115 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 7 2020 - 25% progression, died in committee
Action: 2020-01-07 - to Economic Development & Workforce Investment (H)
Pending: House Economic Development & Workforce Investment Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 7 2020 - 25% progression, died in committee
Action: 2020-01-07 - to Economic Development & Workforce Investment (H)
Pending: House Economic Development & Workforce Investment Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 154.32.010 to define "weekly minimum wage"; amend KRS 154.32-020 to require an approved company to pay all new full-time employees whose jobs were created as a result of the economic development project no less than the minimum weekly wage and provide employee benefits for those jobs equal to at least 15% of the minimum weekly wage established by the agreement; amend KRS 154.32-030 to delete all provisions that allow the approved company to receive full incentives if 90% of the job and wage requirements are met upon activation or annual review; amend KRS 154.32-040 to delete a provision that would allow the approved company to receive a reduction in tax incentives for failing to meet job and wage requirements.
Title
AN ACT relating to economic development incentives.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-07 | House | to Economic Development & Workforce Investment (H) |
2020-01-07 | House | introduced in House |
2019-11-19 | House | Prefiled by the sponsor(s). |
Subjects
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/20RS/hb115.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb115/orig_bill.pdf |