|to Appropriations & Revenue (H)
|AN ACT relating to economic development incentives for airports.
|Bill Request Number
|D. Horlander, T. Kerr, C. Miller, S. Santoro
|Summary of Original Version
|Create a new section of KRS Chapter 139 to provide for the transfer of 50 percent of the sales tax revenues collected by airport vendors to the airport where the taxes were collected; provide that the transferred funds shall be used by the airport to support projects to improve or enhance customer services, airport services, infrastructure, or any combination thereof on airport property; provide for annual reporting by the Department of Revenue and each airport; require that all amounts distributed to an airport be deposited in a separate account.
|Index Headings of Original Version
Taxation, Sales and Use - Economic development, provide for transfer of sales tax receipts to airports
Aeronautics and Aviation - Airport development, provide for sales tax transfer
Economic Development - Airports, provide for transfer of sales tax revenues
Last updated: 8/27/2019 8:05 PM (EDT)