House Bill 462

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


  • introduced in House
  • to Economic Development (H)
  • posted in committee
  • reported favorably, 1st reading, to Consent Calendar
  • 2nd reading, to Rules
  • recommitted to Appropriations & Revenue (H)

Last updated: 1/16/2019 3:43 PM (EST)