Last Action | signed by Governor (Acts ch. 62) |
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Title | AN ACT relating to tax increment financing. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1099 |
Sponsors | B. Damron, G. Stumbo, R. Adkins, L. Clark, R. Crimm, M. Dossett, B. Farmer, K. Flood, J. Hoover, R. Palumbo, R. Quarles, R. Rand, S. Riggs, C. Rollins II, S. Santoro, A. Simpson, R. Smart, T. Thompson, J. Tilley, B. Waide, S. Westrom, B. Yonts |
Summary of Original Version | Amend KRS 65.7043, 65.7045, 65.7049, and 154.30-060 to expand the application of the tax increment financing provisions to mixed-use development projects located in a research park owned by a public university, and to projects that are within three miles of a military base; amend KRS 65. 7051 and 65.7053 to conform. |
Index Headings of Original Version |
Fiscal Note - Tax increment financing, additional qualifying projects Economic Development - Tax increment financing, additional qualifying projects Taxation - Tax increment financing, additional qualifying projects Universities and Colleges - Tax increment financing, projects located in university research parks |
Proposed Amendments | Senate Committee Substitute 1 |
Votes | Vote History |
02/02/11 |
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02/03/11 |
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02/04/11 |
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02/08/11 |
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02/09/11 |
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02/10/11 |
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02/11/11 |
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02/15/11 |
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02/23/11 |
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02/24/11 |
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03/02/11 |
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03/03/11 |
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03/04/11 |
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03/16/11 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions; amend KRS 154.30-010 to extend the activation date allowed for signature tax increment financing projects that were approved by January 1, 2008 but not yet activated to anytime within ten years of the original project commencement date; apply the extension retroactively to qualifying agreements. |
Index Headings |
Fiscal Note - Tax increment financing, additional qualifying projects Economic Development - Tax increment financing, additional qualifying projects Taxation - Tax increment financing, additional qualifying projects Universities and Colleges - Tax increment financing, projects located in university research parks |
Last updated: 1/16/2019 3:43 PM (EST)