Last Action | posted for passage for concurrence in Senate Committee Substitute for Tuesday, April 15, 2014 |
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Title | AN ACT relating to economic development. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 1598 |
Sponsors | T. Pullin, K. Sinnette, R. Adkins, T. Couch, M. Denham, M. King, T. McKee, R. Quarles, J. Richards, F. Steele, G. Watkins, J. York |
Summary of Original Version | Amend KRS 154.26-010 to allow companies with approved economic revitalization projects qualifying for incentives under the Kentucky Industrial Revitalization Act (KIRA) to undertake supplemental projects during or within twenty-four months following the term of the initial project and to qualify for additional incentives therefor; amend KRS 154.26-080 to establish the requirements for supplemental projects; amend KRS 154.26-090 and KRS 154.26-100 to conform; amend KRS 139.480 to exempt property incorporated into the construction or modification of a blast furnace as part of a KIRA supplemental project from the state sales and use tax; provide that sales tax exemption provisions are EFFECTIVE August 1, 2014. |
Index Headings of Original Version |
Economic Development - Kentucky Industrial Revitalization Act, allow incentives for supplemental projects Effective Dates, Delayed - Sales and use tax exemption for blast furnace rehabilitation projects, August 1, 2014 Taxation - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Corporate - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Individual - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Sales and Use - Exemption for blast furnace rehabilitation projects, allow effective August 1, 2014 Fiscal Note - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects |
Proposed Amendments |
Senate Committee Substitute 1 Senate Floor Amendment 1 Senate Floor Amendment 2 |
Votes | Vote History |
02/27/14 |
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03/04/14 |
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03/06/14 |
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03/07/14 |
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03/10/14 |
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03/11/14 |
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03/13/14 |
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03/18/14 |
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03/19/14 |
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03/21/14 |
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03/24/14 |
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03/25/14 |
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03/26/14 |
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04/15/14 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions; amend KRS 278.600 to define "storage" and amend a definition to require that nuclear power facilities have a plan for the storage of nuclear waste rather than a means of permanent disposal; amend KRS 278.610 to delete the requirement that the Public Service Commission certify the facility as having a means for disposal of high-level nuclear waste; change all references to disposal of nuclear waste to storage of nuclear waste; prohibit construction of low-level waste disposal sites in the Commonwealth except as provided in KRS 211.852; require the Public Service Commission to determine whether the construction or operation of a nuclear power facility, including ones constructed by entities regulated under KRS Chapter 96, would create low-level nuclear waste or mixed wastes that would be required to be disposed of in low-level waste disposal sites in the Commonwealth; repeal KRS 278.605. |
Index Headings |
Economic Development - Kentucky Industrial Revitalization Act, allow incentives for supplemental projects Effective Dates, Delayed - Sales and use tax exemption for blast furnace rehabilitation projects, August 1, 2014 Taxation - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Corporate - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Individual - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Sales and Use - Exemption for blast furnace rehabilitation projects, allow effective August 1, 2014 Fiscal Note - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects |
Amendment | Senate Floor Amendment 1 |
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Sponsor | J. Denton |
Summary | Retain original provisions, except amend KRS 337.050 to exclude employees who work in a home care situation for the infirm from overtime wage requirements. |
Index Headings |
Economic Development - Kentucky Industrial Revitalization Act, allow incentives for supplemental projects Effective Dates, Delayed - Sales and use tax exemption for blast furnace rehabilitation projects, August 1, 2014 Taxation - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Corporate - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Individual - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Sales and Use - Exemption for blast furnace rehabilitation projects, allow effective August 1, 2014 Fiscal Note - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects |
Amendment | Senate Floor Amendment 2 |
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Sponsor | J. Denton |
Summary | Make title amendment. |
Index Headings |
Economic Development - Kentucky Industrial Revitalization Act, allow incentives for supplemental projects Effective Dates, Delayed - Sales and use tax exemption for blast furnace rehabilitation projects, August 1, 2014 Taxation - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Corporate - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Income--Individual - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects Taxation, Sales and Use - Exemption for blast furnace rehabilitation projects, allow effective August 1, 2014 Fiscal Note - Kentucky Industrial Revitalization Act, allow tax incentives for supplemental projects |
Last updated: 8/27/2019 6:52 PM (EDT)