KY HB292 | 2019 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Introduced on February 8 2019 - 25% progression
Action: 2019-02-27 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Create a new section of KRS Chapter 7A to establish the Tax Expenditure Oversight Board; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure from the general fund and road fund; amend KRS 48.111 to require the Governor to include within the executive branch budget recommendation and in the draft budget bill for the executive branch a detailed account of each tax expenditure in addition to the office estimate provided by the consensus forecasting group; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the Tax Expenditure Oversight Board; amend KRS 131.190 to exempt the data provided by the Department of Revenue from the confidentiality standards for tax return data.

Tracking Information

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Title

AN ACT relating to tax expenditures.

Sponsors


History

DateChamberAction
2019-02-27Houseposted in committee
2019-02-11Houseto Appropriations & Revenue (H)
2019-02-08Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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