Kentucky
General Assembly

02/11/08	introduced in House
02/12/08	to Appropriations & Revenue (H)
02/21/08	posted in committee
02/28/08	floor amendment (1) filed to Committee Substitute reported favorably, 1st reading, to Calendar with Committee Substitute
02/29/08	2nd reading, to Rules floor amendment (2) filed to Committee Substitute
03/03/08	posted for passage in the Regular Orders of the Day for Tuesday, March 4, 2008
03/05/08	floor amendment (3) filed to Committee Substitute
03/07/08	floor amendment (4) filed to Committee Substitute
03/10/08	floor amendment (5) filed to Committee Substitute
03/13/08	3rd reading, passed 73-22 with Committee Substitute, floor amendments (1) and (5)
03/14/08	received in Senate
03/18/08	to Appropriations & Revenue (S)
04/01/08	taken from committee Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)
04/02/08	reported favorably, 2nd reading, to Rules with Committee Substitute, committee amendment (1-title) as a Consent Bill
04/14/08	posted for passage in the Consent Orders of the Day for Monday, April 14
04/15/08	3rd reading, passed 37-0 with Committee Substitute, committee amendment (1-title) received in House to Rules (H)

Amendment	House Committee Substitute 1
Impact Statements	Fiscal Note Local Mandate
Summary	Retain original provisions except clarify that all existing TIF projects and agreements shall be transferred to KEDFA; require the Department of Revenue to obtain consent from taxpayers before transferring confidential information to KEDFA; delete provisions that include services subject to tax under KRS Chapter 139 within the definition of retail for premier projects; delete requirement that mixed use projects meet an additional blight condition to qualify; limit the individual income tax that can be pledged by the Commonwealth to 4% of the gross wages of each eligible worker; establish a tax increment financing account in the Finance and Administration Cabinet.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	House Floor Amendment 1
Sponsor	R. Webb
Summary	Amend Section 13 of the Act to provide that projects established under prior law will be administered and interpreted in accordance with the law in effect at the time the project was approved.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	House Floor Amendment 2
Sponsor	D. Keene
Summary	Add a new section to provide that any applications outstanding under KRS 65.7041 to 65.7083 on the effective date of this Act may be approved by the Kentucky Economic Development Finance Authority using the provisions of KRS 65.7041 to 65.7083 as it existed prior to the effective date of this Act.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	House Floor Amendment 3
Sponsor	R. Webb
Summary	Retain original provisions; add new noncodified section to allow KEDFA to amend an existing agreement entered into under the provisions of KRS 65.7041 to 65.7083 if application is made by an agency not located in a consolidated local government, to reduce the minimum capital investment from $200 million to not less than $175 million and to amend the agreement accordingly.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	House Floor Amendment 4
Sponsor	D. Keene
Summary	Add a new section to provide that any applications outstanding under the provisions of KRS 65.7041 to 65.7083 relating to a project in a city of the 4th class on the effective date of the Act may be approved by the Kentucky Economic Development Finance Authority under the provisions of KRS 65.7041 to 65.7083 as it existed prior to the effective date of the Act.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	House Floor Amendment 5
Sponsor	R. Webb
Summary	Retain original provisions; add new noncodified section to require KEDFA to amend an existing agreement entered into under the provisions of KRS 65.7041 to 65.7083 if application is made by an agency not located in a consolidated local government, to reduce the minimum capital investment from $200 million to not less than $175 million and to amend the agreement accordingly, including a commensurate reduction in the pledge of state incremental revenues.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	Senate Committee Substitute 1
Impact Statements	Fiscal Note
Summary	Remove all original provisions of bill; amend KRS 141.010 to provide for an exemption for active duty military pay.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs

Amendment	Senate Committee Amendment 1
Sponsor	C. Borders
Summary	Make title amendment.
Index Headings	Cities - Tax increment financing, program Counties - Tax increment financing, programs Economic Development - Tax increment financing, administration by KEDFA Economic Development - Tax increment financing, commission abolished Taxation - Tax increment financing, programs Local Mandate - Tax increment financing, programs Fiscal Note - Tax increment financing, programs Local Mandate - Tax increment financing, programs