KY HB352 | 2013 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 12 2013 - 25% progression, died in committee
Action: 2013-02-13 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 12 2013 - 25% progression, died in committee
Action: 2013-02-13 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 96.895 to provide that, beginning in fiscal year 2014-2015, a portion of the Tennessee Valley Authority in-lieu-of-tax payment made to the Commonwealth and deposited into the general fund shall be transferred to the regional development agency assistance fund to be distributed among fiscal court-designated local industrial development authorities for economic development and job creation activities; provide that the transfer will not affect the portion of the total TVA payment that is currently distributed among local government entities; provide that these transfers will be phased-in over a five-year period, with an amount equal to 50 percent of the general fund portion of the total TVA annual payment being transferred in fiscal year 2018-2019, and each fiscal year thereafter, not to exceed $6,000,000 each year.
Title
AN ACT relating to TVA in-lieu-of-tax payments and making an appropriation therefor.
Sponsors
Rep. Wilson Stone [D] | Rep. Bart Rowland [R] | Rep. Johnny Bell [D] | Rep. Kenny Imes [R] |
Rep. Martha King [D] | Rep. Steven Rudy [R] | Rep. John Tilley [D] |
History
Date | Chamber | Action |
---|---|---|
2013-02-13 | House | to Appropriations & Revenue (H) |
2013-02-12 | House | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/13RS/HB352.htm |
Text | http://www.lrc.ky.gov/record/13RS/HB352/bill.doc |
Supplement | http://www.lrc.ky.gov/record/13RS/HB352/LM.doc |