08RS HB750

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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 750/FN (BR 1053) - J. Wayne

AN ACT relating to the reporting of tax inducements.
Amend KRS 48.010 to add definitions related to the economic development and tourism project expenditure report; create a new section of KRS Chapter 48 to require, no later than October 1, 2008, and annually thereafter, the publication of a state economic development and tourism project expenditure report by the Office of State Budget Director and submission of that report to the Legislative Research Commission; create a new section of KRS Chapter 131 to require the Department of Revenue to provide data to the Office of State Budget Director on development tax expenditures and tax expenditures annually; amend KRS 131.190 to allow the department to disclose the information; create a new section of Subchapter 12 of KRS Chapter 154 to require the submission of data by Cabinet for Economic Development to the Office of State Budget Director; create a new section of KRS Chapter 148 to require the submission of data by the Commerce Cabinet to the Office of State Budget Director.

     Mar 4-introduced in House
     Mar 5-to Appropriations & Revenue (H)
     Mar 13-posted in committee

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