House Bill 352

Actions
Last Action to Appropriations & Revenue (H)
Title AN ACT relating to TVA in-lieu-of-tax payments and making an appropriation therefor.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 1308
Sponsors W. Stone, B. Rowland, J. Bell, K. Imes, M. King, S. Rudy, J. Tilley
Summary of Original Version Amend KRS 96.895 to provide that, beginning in fiscal year 2014-2015, a portion of the Tennessee Valley Authority in-lieu-of-tax payment made to the Commonwealth and deposited into the general fund shall be transferred to the regional development agency assistance fund to be distributed among fiscal court-designated local industrial development authorities for economic development and job creation activities; provide that the transfer will not affect the portion of the total TVA payment that is currently distributed among local government entities; provide that these transfers will be phased-in over a five-year period, with an amount equal to 50 percent of the general fund portion of the total TVA annual payment being transferred in fiscal year 2018-2019, and each fiscal year thereafter, not to exceed $6,000,000 each year.
Index Headings of Original Version Economic Development - TVA in-lieu-of-tax payments, direction to economic development activities
Labor and Industry - TVA in-lieu-of-tax payments, direction to economic development activities
Local Government - TVA in-lieu-of-tax payments, direction to economic development activities
Taxation - TVA in-lieu-of-tax payments, direction to economic development activities
Taxation, Property - TVA in-lieu-of-tax payments, direction to economic development activities
Appropriations - TVA in-lieu-of-tax payments, direction to economic development activities
Counties - TVA in-lieu-of-tax payments, direction to economic development activities
Local Mandate - TVA in-lieu-of-tax payments, direction to economic development activities

Actions

Top
02/12/13
  • introduced in House
02/13/13
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:24 PM (EST)