06RS HB701

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 701 (BR 2449) - R. Wilkey

AN ACT relating to tourism development.
Amend KRS 148.851 to define "destination retail attraction," "full service lodging facility," and "recreational property"; amend the definition of "tourism attraction" to include "destination retail attraction"; require a destination retail attraction to have capital costs in excess of $40,000,000 and attract a minimum of 40% of visitors from out of state; amend KRS 148.859 to allow for records to be audited by the Department of Revenue or its designee; specify criteria for which sales tax refunds may be suspended; amend KRS 139.536 to allow a destination retail attraction to recover 50% of approved costs through a sales tax refund; amend KRS 148.855 to conform.

Feb 27-introduced in House
Feb 28-to Appropriations and Revenue (H)

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