Last Action | recommitted to Appropriations & Revenue (H) |
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Title | AN ACT relating to the Kentucky Reinvestment Act. |
Bill Documents |
Bill
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Bill Request Number | 432 |
Sponsors | A. Simpson, T. Kerr, A. Koenig, R. Palumbo, S. Santoro, T. Thompson |
Summary of Original Version | Amend various sections of KRS Chapter 154, Subchapter 34, to expand the provisions of the Kentucky Reinvestment Act to include non-retail service or technology reinvestment projects and headquarters reinvestment projects that have a least 200 full-time employees, agree to maintain at least 85 percent of the number of full-time employees employed at the facility on the date the company receives preliminary approval, and make at least a $2.5 million capital investment in the Commonwealth; cap the amount of tax credits committed in each fiscal year by the authority for all headquarters reinvestment projects and service or technology reinvestment projects at $7 million; amend KRS 141.415 to conform. |
Index Headings of Original Version |
Economic Development - Kentucky Reinvestment Act, expansion of Taxation - Income tax, expansion of Kentucky Reinvestment Act Taxation, Income--Corporate - Kentucky Reinvestment Act, expansion of Taxation, Income--Individual - Kentucky Reinvestment Act, expansion of |
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Last updated: 1/16/2019 3:43 PM (EST)