|posted in committee
|AN ACT relating to the sunsetting of tax inducement programs.
|Bill Request Number
|J. Wayne, A. Simpson, D. Graham
|Summary of Original Version
|Create a new section of KRS Chapter 6 to require a systematic review by the Program Review and Investigations Committee of the Legislative Research Commission, with the assistance of the Commerce Cabinet, the Cabinet for Economic Development, and the Department of Revenue, of each tax increment financing, tourism development, and economic development program one year prior to its expiration as scheduled; amend KRS 131.190 to mandate that limited LRC staff, but not General Assembly members, have access to confidential state tax return data to perform the review and subject LRC staff to penalties for improper browsing or dissemination of confidential data.
|Index Headings of Original Version
Economic Development - Tax inducement programs, sunset
Legislative Research Commission - Tax inducement programs, review
Studies Directed - Program Review and Investigations Committee, tax inducement programs, review
Taxation - Tax inducement programs, review and sunset
Taxation, Income--Corporate - Tax inducement programs, review and sunset
Taxation, Sales and Use - Tax inducement programs, review and sunset
Last updated: 8/28/2019 7:34 AM (EDT)