KY HB431 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 19 2019 - 25% progression
Action: 2019-02-20 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amend KRS 141.403 to sunset the tax credit; amend KRS 141.415 to remove references and application to the Kentucky Reinvestment Act projects; create a new section of KRS Chapter 141 to provide for the Kentucky Reinvestment Act tax credit and require reporting by the Department of Revenue; create a new section in Subchapter 26 of KRS Chapter 154 to sunset the program; amend KRS 154.34-010 to modify the definitions; amend KRS 154.34-070 to add a three-year project completion timeframe for final approval and alter the requirements to the application; amend KRS 154.34-080 to remove the reference to eligible skills upgrade training costs; amend KRS 154.34-090 to conform; amend KRS 154.34-110 to alter the criteria of the program and require reporting of the Cabinet for Economic Development; amend KRS 154.34-120 to sunset the program; create new sections of Subchapter 34 of KRS Chapter 154 to provide wage assessments; amend KRS 141.0205 to order the new tax credit; amend KRS 131.190 to allow the Department of Revenue to submit the report to the General Assembly; EMERGENCY.

Tracking Information

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Title

AN ACT relating to economic development tax credits and declaring an emergency.

Sponsors


History

DateChamberAction
2019-02-20Houseto Appropriations & Revenue (H)
2019-02-19Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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