Last Action | signed by Governor (Acts Ch. 178) |
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Title | AN ACT relating to tax increment financing. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1827 |
Sponsors | R. Webb, H. Moberly Jr. |
Summary of Original Version | Amend KRS 139.515 to clarify the process by which the Department of Revenue calculates refunds due, and to establish a phase out of the refund amount if refund are requests are not filed in a timely manner; amend KRS 65.7081 to delete provisions requiring funds to be held in an non-interest bearing account. |
Index Headings of Original Version |
Economic Development - Tax increment financing, clarify various provisions Taxation - Tax increment financing, clarify various provisions Taxation, Sales and Use - Tax increment financing, clarify sales tax provisions Fiscal Note - Tax increment financing, clarify sales tax provisions |
Proposed Amendments | Senate Committee Substitute 1 |
Votes | Vote History |
02/21/08 |
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02/25/08 |
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02/26/08 |
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02/28/08 |
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02/29/08 |
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03/03/08 |
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03/06/08 |
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03/07/08 |
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03/11/08 |
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03/24/08 |
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03/25/08 |
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03/26/08 |
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04/02/08 |
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04/14/08 |
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04/15/08 |
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04/24/08 |
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Amendment | Senate Committee Substitute 1 |
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Impact Statements | Fiscal Note |
Summary | Retain original provisions; establish a new Subchapter 30 of KRS Chapter 154 and repeal, reenact and amend various sections of KRS Chapter 65 as new sections of subchapter 30 of KRS Chapter 154 to move oversight and responsibility for the state portion of the tax increment financing program from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority; create a new section of KRS Chapter 65 to permit local governments to impose a wage assessment within a development area or local development area; amend various sections of KRS Chapter 65 to conform. |
Index Headings |
Economic Development - Tax increment financing, clarify various provisions Taxation - Tax increment financing, clarify various provisions Taxation, Sales and Use - Tax increment financing, clarify sales tax provisions Fiscal Note - Tax increment financing, clarify sales tax provisions |
Last updated: 8/28/2019 8:09 AM (EDT)