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Senate Bill 36

Actions | Amendments
Last Action recommitted to Appropriations & Revenue (H)
Title AN ACT relating to economic development.
Bill Documents Bill
Bill Request Number 239
Sponsor R. Sanders Jr
Summary of Original Version Amend KRS 154.22-040 to require that an eligible company invest a minimum of $50,000 in an approved economic development project and create a minimum of five new full-time jobs at the project site.
Index Headings of Original Version Economic Development - KREDA job creation and capital requirement for an eligible company
Small Business - KREDA job creation and capital requirement for an eligible company
Proposed Amendments Senate Committee Substitute 1
Senate Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
12/14/07
  • Prefiled by the sponsor(s).
01/08/08
  • introduced in Senate
  • to Economic Development, Tourism & Labor (S)
02/26/08
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/27/08
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 28, 2008
02/28/08
  • passed over and retained in the Orders of the Day
  • floor amendment (1) filed to Committee Substitute
03/04/08
  • 3rd reading, passed 38-0 with Committee Substitute, floor amendment (1)
03/05/08
  • received in House
03/11/08
  • to Economic Development (H)
03/18/08
  • posting waived retroactively
03/20/08
  • reported favorably, 1st reading, to Calendar
03/21/08
  • 2nd reading, to Rules
03/25/08
  • recommitted to Appropriations & Revenue (H)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Amend various sections of KRS Chapter 154 pertaining to the Kentucky Rural Economic Development Act to allow companies to qualify if the economic development project involves a minimum investment of $50,000 and results in a minimum of five new full-time jobs at the project site; amend various sections of the Kentucky Industrial Development Act, the Kentucky Jobs Development Act, and the Kentucky Economic Opportunity Zone Act to allow companies to qualify if they hire a minimum of five new full-time employees and pay a base hourly wage of 150 percent of the average hourly wage for the county in which the project is undertaken and provide employee benefits equal to at least 15 percent of the applicable base hourly wage; amend various sections of KRS Chapter 141 to require that interest shall not be allowed or paid on any refund or credit made under the provisions Subchapters 22, 23, 24, and 28 of KRS Chapter 154
Index Headings Economic Development - KREDA job creation and capital requirement for an eligible company
Small Business - KREDA job creation and capital requirement for an eligible company

Amendment Senate Floor Amendment 1
Sponsor R. Sanders Jr
Summary Retain original provisions for the Kentucky Rural Economic Development program; amend various sections of KRS Chapter 154 to change the minimum number of new employees to be hired at the project site to five, and the base hourly wages to be paid to 150% of the federal minimum wage, in the Economic Opportunity Zone program, the Jobs Development program, and the New Industry Development program.
Index Headings Economic Development - KREDA job creation and capital requirement for an eligible company
Small Business - KREDA job creation and capital requirement for an eligible company

Last updated: 8/28/2019 8:09 AM (EDT)