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House Bill 539

Actions | Amendments
Last Action signed by Governor (Acts ch. 119)
Title AN ACT relating to economic development.
Bill Documents Bill
Bill Request Number 1897
Sponsors T. Pullin, K. Sinnette, R. Adkins
Summary of Original Version Amend KRS 154.26-010 to add definitions for "supplemental project" and "supplemental project eligible company": amend KRS 154.26-080 to allow a company with a revitalization agreement outstanding to apply for a supplemental project; amend KRS 154.26-090 to allow a sales and use tax credit for taxable items purchased to construct, retrofit, or upgrade a facility as part of a supplemental project; create a new section of KRS Chapter 139 to provide for the sales tax incentive.
Index Headings of Original Version Taxation - Revitalization economic development projects, allow supplemental projects
Taxation, Sales and Use - Revitalization projects, add sales and use tax credit
Economic Development - Revitalization projects, allow supplemental projects
Proposed Amendments House Committee Substitute 1
Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
03/01/12
  • introduced in House
03/05/12
  • to Appropriations & Revenue (H)
03/09/12
  • posted in committee
03/13/12
  • reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/14/12
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Friday, March 16, 2012
03/16/12
  • 3rd reading, passed 93-0 with Committee Substitute
03/19/12
  • received in Senate
03/23/12
  • taken from Committee on Committees (S)
  • 1st reading
  • to Natural Resources & Energy (S)
03/26/12
  • taken from Natural Resources & Energy (S)
  • 2nd reading
  • returned to Natural Resources & Energy (S)
03/27/12
  • reported favorably, to Rules with Committee Substitute as a Consent Bill
  • posted for passage in the Consent Orders of the Day for Tuesday, March 27, 2012
  • 3rd reading, passed 37-0 with Committee Substitute
03/28/12
  • received in House
  • to Rules (H)
  • posted for passage for concurrence in Senate Committee Substitute
  • House concurred in Senate Committee Substitute
  • passed 92-0
03/29/12
  • enrolled, signed by Speaker of the House
03/30/12
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/11/12
  • signed by Governor (Acts ch. 119)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions, except delete language providing a sales tax incentive, and provide that the provisions of the act shall apply to taxable years beginning on or after January 1, 2014.
Index Headings Taxation - Revitalization economic development projects, allow supplemental projects
Taxation, Sales and Use - Revitalization projects, add sales and use tax credit
Economic Development - Revitalization projects, allow supplemental projects

Amendment Senate Committee Substitute 1
Summary Retain original provisions; require an eligible company to include a statement as part of the application for a supplemental project that the company would close its facility without the supplemental project; require that the maximum term for an agreement with a supplemental project not exceed 20 years.
Index Headings Taxation - Revitalization economic development projects, allow supplemental projects
Taxation, Sales and Use - Revitalization projects, add sales and use tax credit
Economic Development - Revitalization projects, allow supplemental projects

Last updated: 8/27/2019 8:05 PM (EDT)