House Bill 483

Actions | Amendments
Last Action posted for passage for concurrence in Senate Committee Substitute for Tuesday, April 15, 2014
Title AN ACT relating to economic development.
Bill Documents Bill
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

Actions

Top | Amendments
02/27/14
  • introduced in House
03/04/14
  • to Appropriations & Revenue (H)
  • posting waived
03/06/14
  • reported favorably, 1st reading, to Calendar
03/07/14
  • 2nd reading, to Rules
  • taken from Rules
  • placed in the Orders of the Day
03/10/14
  • 3rd reading, passed 93-0
03/11/14
  • received in Senate
03/13/14
  • to Appropriations & Revenue (S)
03/18/14
  • reported favorably, 1st reading, to Calendar with Committee Substitute
03/19/14
  • 2nd reading, to Rules
03/21/14
  • posted for passage in the Regular Orders of the Day for Monday, March 24, 2014
03/24/14
  • passed over and retained in the Orders of the Day
03/25/14
  • floor amendment (1) filed to Committee Substitute, floor amendment (2-title) filed
  • 3rd reading, passed 38-0 with Committee Substitute
03/26/14
  • received in House
  • to Rules (H)
04/15/14
  • taken from Rules (H)
  • posted for passage for concurrence in Senate Committee Substitute for Tuesday, April 15, 2014

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
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
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
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)