Last Action | returned to Economic Development, Tourism & Labor (S) |
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Title | AN ACT relating to tourism development. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1407 |
Sponsors | R. Adams, R. Adkins, K. Bratcher, L. Clark, M. Denham, T. Edmonds, J. Fischer, K. Hall, R. Henderson, B. Housman, D. Keene, T. Kerr, A. Koenig, T. McKee, R. Rand, S. Santoro, A. Simpson, A. Smith, A. Webb-Edgington, A. Wuchner |
Summary of Original Version | Create a new section of KRS 148.851 to 148.860 to establish incentives for a legacy expansion project, that requires an existing tourism development project to expand, invest at least $30 million, and host a premier event to qualify for incentives. |
Index Headings of Original Version |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Proposed Amendments |
House Committee Substitute 1 House Committee Amendment 1 House Floor Amendment 1 House Floor Amendment 2 House Floor Amendment 3 House Floor Amendment 4 |
Votes | Vote History |
02/23/09 |
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02/24/09 |
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02/25/09 |
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03/02/09 |
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03/03/09 |
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03/04/09 |
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03/05/09 |
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03/06/09 |
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03/09/09 |
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03/10/09 |
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Amendment | House Committee Substitute 1 |
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Impact Statements | Fiscal Note |
Summary | Retain original provisions; require that the amount an approved company may recover be adjusted based on the employment of Kentucky residents during the construction of the project; declare an EMERGENCY. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Amendment | House Committee Amendment 1 |
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Sponsor | R. Rand |
Summary | Make title amendment. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Amendment | House Floor Amendment 1 |
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Sponsor | R. Webb |
Summary | Retain original provisions; delete subsection allowing different standards to be used in determining the economic impact of legacy expansion projects; add a new section to require annual reporting for all Tourism Development Act projects. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Amendment | House Floor Amendment 2 |
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Sponsor | R. Webb |
Summary | Retain original provisions; delete subsection allowing different standards to be used in determining the economic impact of legacy expansion projects; add a new section to require annual reporting for all Tourism Development Act projects. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Amendment | House Floor Amendment 3 |
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Sponsor | L. Napier |
Summary | Amend KRS 148.851 to decrease the costs required for certain lodging facilities to qualify as a tourism attraction from $1,000,000 to $500,000. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Amendment | House Floor Amendment 4 |
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Sponsor | L. Napier |
Summary | Amend KRS 148.851 to decrease the costs required for certain lodging facilities to qualify as a tourism attraction from $1,000,000 to $500,000. |
Index Headings |
Fiscal Note - Create new tax incentives for the expansion of existing tourism projects Economic Development - Create new incentives for the expansion of existing tourism projects Taxation - Create new tax incentives for the expansion of existing tourism projects Tourism - Create new tax incentives for the expansion of existing tourism projects |
Last updated: 8/28/2019 8:17 AM (EDT)