Kentucky House Bill 46 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 9-5)
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-01-07 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

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; APPROPRIATION; EMERGENCY.

AN ACT relating to TVA in-lieu-of-tax payments, making an appropriation therefor, and declaring an emergency.

Rep. Wilson Stone [D]	Rep. Johnny Bell [D]	Rep. John Carney [R]	Rep. Jim DeCesare [R]
Sen. C.B. Embry [R]	Rep. Richard Heath [R]	Rep. Kenny Imes [R]	Rep. Martha King [D]
Rep. Michael Meredith [R]	Rep. Suzanne Miles [R]	Rep. Jody Richards [D]	Rep. Bart Rowland [R]
Rep. Steven Rudy [R]	Rep. John Tilley [D]

Date	Chamber	Action
2014-01-07	House	to Appropriations & Revenue (H)
2014-01-07	House	introduced in House
2014-09-04	House	To: Interim Joint Committee on Appropriations and Revenue

Type	Source
Summary	http://www.lrc.ky.gov/record/14RS/HB46.htm
Text	http://www.lrc.ky.gov/record/14RS/HB46/bill.doc