House Bill 260

Actions | Amendments
Last Action signed by Governor (Acts Chapter 36)
Title AN ACT relating to tax increment financing.
Bill Documents Bill
Bill Request Number 1122
Sponsors R. Palumbo, G. Stumbo, R. Adkins, B. Damron, D. Keene, A. Simpson, T. Thompson, S. Westrom
Summary of Original Version Amend KRS 154.30-050 to allow the Kentucky Economic Development Finance Authority to reduce the minimum capital investment required on certain signature TIF projects with an existing agreement from $200 million to $150 million.
Index Headings of Original Version Economic Development - Tax increment financing, investment required for state participation
Taxation - Tax increment financing, minimum investment required for state participation
Proposed Amendments House Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
02/06/13
  • introduced in House
02/07/13
  • to Economic Development (H)
02/11/13
  • posted in committee
02/14/13
  • reported favorably, 1st reading, to Calendar
02/15/13
  • 2nd reading, to Rules
  • floor amendment (1) filed
02/19/13
  • posted for passage in the Regular Orders of the Day for Wednesday, February 20, 2013
02/21/13
  • 3rd reading, passed 98-0 with floor amendment (1)
02/22/13
  • received in Senate
02/26/13
  • to Appropriations & Revenue (S)
03/04/13
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)
03/05/13
  • taken from Appropriations & Revenue (S)
  • 2nd reading
  • returned to Appropriations & Revenue (S)
03/07/13
  • reported favorably, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, March 7, 2013
  • 3rd reading, passed 37-0
03/11/13
  • received in House
  • enrolled, signed by each presiding officer
  • delivered to Governor
03/19/13
  • signed by Governor (Acts Chapter 36)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor R. Palumbo
Summary Delete original new language and replace it with language that allows the minimum capital investment for signature projects to be reduced from $200 million to $150 million in limited cases; require that the reduction be subject to a corresponding adjustment of the maximum incremental revenue available for recovery.
Index Headings Economic Development - Tax increment financing, investment required for state participation
Taxation - Tax increment financing, minimum investment required for state participation

Last updated: 8/27/2019 7:53 PM (EDT)