KY HB390 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 20 2018 - 25% progression, died in committee
Action: 2018-02-22 - to Economic Development & Workforce Investment (H)
Pending: House Economic Development & Workforce Investment Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 20 2018 - 25% progression, died in committee
Action: 2018-02-22 - to Economic Development & Workforce Investment (H)
Pending: House Economic Development & Workforce Investment Committee
Text: Latest bill text (Draft #1) [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 |
---|---|---|
2018-02-22 | House | to Economic Development & Workforce Investment (H) |
2018-02-20 | House | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/18RS/HB390.htm |
Text | http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB390/bill.pdf |