11RS House Bill 462

Actions

Last Action	recommitted to Appropriations & Revenue (H)
Title	AN ACT relating to the Kentucky Reinvestment Act.
Bill Documents	Bill
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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02/11/11	introduced in House
02/14/11	to Economic Development (H)
02/15/11	posted in committee
02/17/11	reported favorably, 1st reading, to Consent Calendar
02/18/11	2nd reading, to Rules
02/22/11	recommitted to Appropriations & Revenue (H)