Kentucky
General Assembly

Search

House Bill 589

Actions | Amendments
Last Action signed by Governor (Acts ch. 139)
Title AN ACT relating to tax credits for alternative transportation fuels.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 420
Sponsors R. Adkins, T. Riner
Summary of Original Version Amend KRS 153.715 to include natural gas-derived liquid fuels in the definition of "alternative transportation fuels"; amend KRS 154.27-010, 154.27-020, and 154.27-060 to include natural gas or natural gas liquids as a permissible feedstock for an alternative transportation facility, and to establish a minimum investment level of $1,000,000 for such facilities; create a new section of KRS Chapter 143A to allow a severance tax credit for natural gas or natural gas liquids used as feedstock at an alternative transportation facility.
Index Headings of Original Version Fiscal Note - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Economic Development - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Fuel - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation, Severance - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Proposed Amendments House Committee Substitute 1
Senate Committee Amendment 1
Votes Vote History

Actions

Top | Amendments
03/02/10
  • introduced in House
03/04/10
  • to Natural Resources & Environment (H)
03/05/10
  • posted in committee
03/15/10
  • taken from committee
  • 1st reading
  • returned to Natural Resources & Environment (H)
03/18/10
  • reported favorably, 2nd reading, to Rules with Committee Substitute as a Consent Bill
03/22/10
  • posted for passage in the Consent Orders of the Day for Tuesday, March 23, 2010
03/23/10
  • 3rd reading, passed 99-0 with Committee Substitute
  • received in Senate
03/25/10
  • taken from committee
  • 1st reading
  • returned to Committee on Committees (S)
03/26/10
  • taken from committee
  • 2nd reading
  • to Appropriations & Revenue (S)
04/01/10
  • recommitted to Natural Resources and Energy (S)
  • reported favorably, to Rules with committee amendment (1)
  • placed in the Orders of the Day
  • 3rd reading, passed 36-0 with committee amendment (1)
  • received in House
  • to Rules (H)
  • posted for passage for concurrence in Senate committee amendment (1)
  • House concurred in Senate committee amendment (1)
  • passed 97-0
  • enrolled, signed by each presiding officer
  • delivered to Governor
04/13/10
  • signed by Governor (Acts ch. 139)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain provisions of original bill except reinstate existing definition for "alternative transportation fuels" produced before August 1, 2010; define "alternative transportation fuels" produced after August 1, 2010 to include liquefied fuel produced from natural gas and liquefied petroleum produced from natural gas or natural gas liquids; make a technical correction to the definition of "resident"; provide that to be eligible for the incentives provided in the subchapter, the minimum capital investment shall be $1,000,000 for an alternative fuel facility constructed after August 1, 2010 or an existing facility that is upgraded after August 1, 2010 that uses natural gas or natural gas liquids as the primary feedstock; provide that purchases or severs of natural gas or natural gas liquids made after August 1, 2010 shall be eligible for the tax incentives provided in that paragraph; amend KRS 42.450 to provide that after October 1, 2010, the quarterly transfer of funds to the Local Government Economic Assistance Fund shall be made only after the quarterly installment of the annual amount from the prior calendar year allowed as an incentive to an approved company under Sections 4 and 5 of the Act has been made.
Index Headings Fiscal Note - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Economic Development - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Fuel - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation, Severance - Incentives for Energy Independence Act, amend to provide incentives for natural gas

Amendment Senate Committee Amendment 1
Sponsor B. Smith
Summary Retain the original provisions, except amend KRS 154.27-020 and KRS 154.27-30 to limit the number of projects using natural gas or natural gas liquids as the primary feedstock that the authority may approve to 5.
Index Headings Fiscal Note - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Economic Development - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Fuel - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation - Incentives for Energy Independence Act, amend to provide incentives for natural gas
Taxation, Severance - Incentives for Energy Independence Act, amend to provide incentives for natural gas

Last updated: 8/28/2019 7:34 AM (EDT)