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HB 262/FN (BR 1240) - C. Belcher, H. Moberly Jr, D. Keene
AN ACT relating to fiscal matters.
Amend KRS 42.450 to specify acceptable investments; amend KRS 56.813 to permit direct payments for leasehold improvements of $2,000 or less; amend KRS 136.392 to clarify that governmental and nonprofit entities are not subject to the insurance premiums tax; amend KRS 138.165 to permit the Department of Revenue to retain the proceeds from the sale of seized cigarettes and use the funds for enforcement of cigarette taxes; amend KRS 141.160 to clarify that cooperatives that are allowed an extended due date for filing a federal return shall also have an extended due date for the Kentucky return; amend KRS 141.418 to clarify the procedure for claiming an environmental remediation tax credit; amend KRS 141.422 to clarify that biodiesel must meet the most current federal standards in order to qualify for tax credits; amend KRS 141.040 and 141.0401 to treat the limited liability entity tax as a nonrefundable prepayment of income tax; repeal KRS 14.080, interest paid on state bonds.
HB 262 - AMENDMENTS
HCS/FN - Amend KRS 42.450 to specify acceptable investments; amend KRS 56.813 to permit direct payments for leasehold improvements of $2,000 or less; amend KRS 136.392 to clarify that governmental and nonprofit entities are not subject to the insurance premiums tax; amend KRS 141.160 to clarify that cooperatives that are allowed an extended due date for filing a federal return shall also have an extended due date for the Kentucky return; amend KRS 141.418 to clarify the procedure for claiming an environmental remediation tax credit; amend KRS 141.422 to clarify that biodiesel must meet the most current federal standards in order to qualify for tax credits; repeal KRS 14.080, Interest paid on state bonds.
SCS - Retain original provisions; amend 2006 Kentucky Acts Chapter 252, the state/executive branch budget bill, to appropriate additional operating support for the Department of Veterans' Affairs; appropriate additional debt service for the Department of Military Affairs; designate the Commission on Human Rights' personnel and operating expenditures as a necessary government expense; authorize an amount not to exceed $25,000,000 as a necessary government expense for Wolf Creek Dam; appropriate additional operating support for the Department of Parks; increase the Horse Park Commission's debt service; transfer the Collaborative Center for Literacy Development from Learning and Results Services to UK; transfer $1,000,000 of excess SEEK funds to the Office of Career and Technical Education for salary adjustments for their employees; appropriate funds for the Blue Ribbon Commission on Public Employees Retirement Systems; establish a transfer schedule for the Capitol Annex; increase the Finance and Administration Cabinet's debt service for all additional operating support; appropriate additional funds to the Department for Community Based Services for private child care provider rate increases; appropriate additional operating support for the Department of Juvenile Justice; appropriate additional operating support for Kentucky State Police; appropriate additional operating support for Adult Correctional Institutions; authorize the Transportation Cabinet to select up to 15 design/build demonstration road-related projects; authorize an amount not to exceed $10,000,000 of Road Fund resources for safety-related projects; authorize the Transportation Cabinet to begin work on the Crittenden Drive/Louisville Regional Airport Authority project; authorize an amount not to exceed $15,000,000 of Road Fund resources to upgrade and improve US 68; allow recipients of Infrastructure for Economic Development Fund for Coal and Non-Coal Producing Counties and Community Development Fund Projects to alter a recipient name or project title made in error; authorize agency bonds for Bluegrass Station; authorize the lease of a Fuels/Pesticides Testing Lab in Franklin County; authorize Horse Park Commission bond funds for an indoor arena, outdoor stadium, roads, and pedways; authorize UK to use Restricted Funds for the Samaritan Clinical Facility; specify how General Fund moneys directed to be appropriated by the General Fund Surplus Expenditure Plan prior to the effective date of this Act shall be appropriated; EMERGENCY.
SCA (1/Title, C. Borders) - Make title amendment.
Feb 6-introduced in House
Feb 7-to Appropriations and Revenue (H)
Feb 8-posted in committee
Feb 14-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 15-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 16, 2007
Feb 22-3rd reading, passed 100-0 with Committee Substitute
Feb 23-received in Senate
Mar 1-to Appropriations & Revenue (S)
Mar 5-taken from committee; 1st reading; returned to Appropriations & Revenue (S)
Mar 6-taken from committee; 2nd reading; returned to Appropriations & Revenue (S)
Mar 12-reported favorably, to Rules with Committee Substitute, committee amendment (1-title) ; posted for passage in the Regular Orders of the Day for Monday, March 12, 2007; 3rd reading, passed 37-0 with Committee Substitute, committee amendment (1-title) ; received in House
Vote History
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