KY HB422 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 12 2020 - 25% progression, died in committee
Action: 2020-03-11 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 12 2020 - 25% progression, died in committee
Action: 2020-03-11 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create new sections of KRS Chapter 6 to define "fiscal note" and "tax expenditure"; establish requirements for fiscal notes; allow the waiver of the fiscal note requirements; establish responsibilities of the Legislative Research Commission in regard to fiscal notes; create a new section of KRS Chapter 6 to require offsetting for bills and amendments with tax expenditures; amend KRS 11.068 to add the biennial tax expenditure analysis report to the Office of State Budget Director's job duties and set forth specific requirements; amend KRS 48.010 to define "tax expenditure"; amend KRS 48.110 to require a brief fiscal impact in recommendations and set forth specific requirements; require offsetting in recommendations with tax expenditures; amend various KRS statutes for technical corrections and conforming changes; EMERGENCY.
Title
AN ACT relating to fiscal matters and declaring an emergency.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-03-11 | House | posted in committee |
2020-02-14 | House | to Appropriations & Revenue (H) |
2020-02-12 | House | introduced in House |
Subjects
Budget and Financial Administration
Effective Dates, Emergency
Fiscal Note
General Assembly
Legislative Research Commission
State Agencies
Effective Dates, Emergency
Fiscal Note
General Assembly
Legislative Research Commission
State Agencies