| Last Action | signed by Governor (Acts Chapter 36) |
|---|---|
| Title | AN ACT relating to tax increment financing. |
| Bill Documents |
Bill
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| 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 |
| 02/06/13 |
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| 02/07/13 |
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| 02/11/13 |
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| 02/14/13 |
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| 02/15/13 |
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| 02/19/13 |
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| 02/21/13 |
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| 02/22/13 |
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| 02/26/13 |
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| 03/04/13 |
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| 03/05/13 |
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| 03/07/13 |
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| 03/11/13 |
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| 03/19/13 |
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| 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)