Kentucky
General Assembly

02/03/09	introduced in House
02/04/09	to Economic Development (H)
02/09/09	posted in committee
02/12/09	reported favorably, 1st reading, to Calendar
02/13/09	2nd reading, to Rules recommitted to Appropriations & Revenue (H)
02/24/09	posting waived
02/27/09	floor amendments (1) (2) and (3) filed to Committee Substitute reported favorably, to Rules with Committee Substitute
03/02/09	posted for passage in the Regular Orders of the Day for Tuesday, March 3, 2009 floor amendments (4) (5) (6) (7) and (8) filed to Committee Substitute
03/04/09	taken from the Regular Orders of the Day recommitted to Appropriations & Revenue (H) posted in committee
03/09/09	reported favorably, 2nd reading, to Rules with Committee Substitute (2) taken from Rules committee placed in the Orders of the Day
03/10/09	3rd reading, passed 96-1 with Committee Substitute (2) received in Senate taken from Committee on Committees 1st reading returned to Committee on Committees (S)
03/11/09	to Economic Development, Tourism & Labor (S) taken from committee 2nd reading returned to Economic Development, Tourism & Labor (S)
03/13/09	reported favorably, to Rules with Committee Substitute, committee amendments (1-title) and (2) posted for passage in the Consent Orders of the Day for Friday, March 13, 2009 3rd reading, passed 37-0 with Committee Substitute, committee amendments (1-title) and (2) received in House

Amendment	House Committee Substitute 1
Impact Statements	Fiscal Note
Summary	Retain original provisions; include a Kentucky wage component in calculating the amount of the advance disbursement allowed in the combined program; make the historic preservation credits transferable or refundable; make technical corrections; amend KRS 141.310 and 141.350 to conform.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Committee Substitute 2
Impact Statements	Fiscal Note
Summary	Retain original provisions with the following changes: amend the reinvestment program provisions to reduce the minimum investment level from $10 million to $2.5 million, and delete the advance disbursement; amend the combined credits program to identify enhanced incentive counties, to establish a minimum wage requirement for counties that are not enhanced incentive counties of 175% of the federal minimum wage, to add benefits requirements, and allow approved companies in enhanced incentive counties to impose a wage assessment of up to 5% with no required participation from local governments; delete the tuition credit for employers; amend the tuition credit for Metropolitan College to define Metropolitan College, to limit the tax credits to payments made on behalf of employees attending Metropolitan College, and to sunset the tax credit on April 15, 2013; amend the new sales tax incentive for the purchase of communications or data processing equipment to reduce the minimum investment from $200 million to $100 million; amend the Tourism Development Act to include reporting requirements; amend the film industry incentives to include national touring companies for Broadway shows produced in Kentucky, to require the agreement to be approved by the Tourism Development Authority, to require that agreements be submitted to the Government Contract Review Committee, and to add additional reporting requirements; create a new section of KRS Chapter 176 to provide that railroad crossings, railroad spurs that access industrial parks, and shortline railroads at or near intersections with roadways be considered roads.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 1
Sponsor	B. Damron
Summary	Include railroad spurs that connect economic development projects as a cost of the project; create a new section of KRS Chapter 176 to include railroad crossings as an acceptable use of road funds.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 2
Sponsor	R. Webb
Summary	Create a new section of KRS Chapter 131 to require the Department of Revenue to collect and report specific data to designated staff of the Legislative Research Commission no later than July 1 of each year.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 3
Sponsor	J. Wayne
Summary	Create a definition of "Metropolitan College" and require that in order for a taxpayer to be eligible for the tax credit, it shall be a partner in the Metropolitan College.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 4
Sponsor	H. Moberly Jr.
Summary	Retain original provisions; establish an annual cap for the tuition assistance credit of five million dollars.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 5
Sponsor	H. Moberly Jr.
Summary	Retain original provisions; allow the tuition assistance credit to be claimed only for employees who are Kentucky residents.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 6
Sponsor	J. Jenkins
Summary	Clarify the definition of "minimum wage target" to be the greater of 150 percent of the federal minimum wage or 75 percent of the average hourly wage for the county in which the project is to be located; clarify that to qualify for the project, the eligible company shall provide employee benefits equal to at least fifteen percent of the hourly wage paid to each employee.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 7
Sponsor	H. Moberly Jr.
Summary	Amend various sections to change the refundable credit to a nonrefundable credit.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	House Floor Amendment 8
Sponsor	H. Moberly Jr.
Summary	Amend a new section created in KRS Chapter 141 to sunset the film industry tax incentives; authorize a study of the film industry tax incentives and KRS 139.538.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	Senate Committee Substitute 1
Impact Statements	Fiscal Note
Summary	Retain original provisions; amend provisions relating to the film industry incentives to reduce the level of investment for touring Broadway shows from $500,000 to $50,000; establish a new income tax credit for purchasers of new homes who do not qualify for the federal income tax credit; attach the provisions of HB 521, except delete provisions included in that bill that require incentives to be adjusted based upon the employment of Kentucky residents during the construction of the project; attach the provisions of Senate Bill 110, except amend to correct drafting errors; attach the provisions of HB 395; attach the provisions of HB 279; attach the provisions of HB 497, except amend to include all projects with agreements executed prior to January 1, 2008; establish an exemption from the pari-mutuel tax during an international horse racing event under certain conditions, during a one day event at a track authorized to conduct live racing for a minimum of 30 days in a calendar year, and for tracks conducting telephone account wagering participating as receiving tracks in intertrack wagering during the international horse racing event if the host tract is exempt from the pari-mutuel tax during the event; amend 2008 Kentucky Acts Chapter 127, Part II, Capital Projects Budget; J. Postsecondary Education; 8. University of Kentucky, to adjust project authorizations; amend KRS 243.050 to allow the issuance of a license to a convention center if the cost of the convention center was supported by at least $10 million in public funding and the convention center is located in a city that has voted to discontinue prohibition in any way; attach the provisions of HB 26 except amend to make technical changes; attach the provisions of HB 299.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	Senate Committee Amendment 1
Sponsor	D. Kelly
Summary	Make title amendment.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of

Amendment	Senate Committee Amendment 2
Sponsor	J. Denton
Summary	Attach the provisions of SB 85.
Index Headings	Fiscal Note - Economic development incentive programs, omnibus revisions Economic Development - Economic development incentive programs, omnibus revisions Taxation - Economic development incentive programs, omnibus revisions Taxation, Income--Corporate - Economic development incentive programs, omnibus revisions Taxation, Income--Individual - Economic development incentive programs, omnibus revisions Education, Higher - Tuition tax credit incentive for employers, establishment Taxation, Sales and Use - Computer and communications-related equipment, refund for the purchase of