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House Bill 611

Actions | Amendments

Last Action	signed by Governor (Acts Ch. 178)
Title	AN ACT relating to tax increment financing.
Bill Documents	Bill
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

Actions

Top | Amendments

02/21/08	introduced in House
02/25/08	to Appropriations & Revenue (H)
02/26/08	posting waived
02/28/08	reported favorably, 1st reading, to Calendar
02/29/08	2nd reading, to Rules
03/03/08	posted for passage in the Regular Orders of the Day for Tuesday, March 4, 2008
03/06/08	3rd reading, passed 95-2
03/07/08	received in Senate
03/11/08	to Appropriations & Revenue (S)
03/24/08	taken from committee Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)
03/25/08	taken from committee Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)
03/26/08	reported favorably, to Rules with Committee Substitute
04/02/08	posted for passage in the Regular Orders of the Day for April 2, 2008 3rd reading, passed 34-0 with Committee Substitute received in House to Rules (H)
04/14/08	taken from Rules posted for passage for concurrence in Senate Committee Substitute
04/15/08	House concurred in Senate Committee Substitute passed 92-0 enrolled, signed by each presiding officer delivered to Governor
04/24/08	signed by Governor (Acts Ch. 178)

Proposed Amendments

Top | Actions

Amendment	Senate Committee Substitute 1
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)