Last Action | signed by Governor (Acts, ch. 104) |
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Title | AN ACT relating to tourism development tax incentives. |
Bill Documents |
Bill
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Bill Request Number | 1757 |
Sponsors | R. Adkins, R. Smart |
Summary of Original Version | Amend KRS 148.851 to define "enhanced incentive county"; amend KRS 148.853 to provide that the total eligible costs shall exceed $500,000 for a tourism attraction project located in an enhanced incentive county; and allow a tourism attraction project located in an enhanced incentive county to receive a sales tax incentive equal to the lesser of the amount of the sales tax liability of the approved company and its lessees or a percentage of the approved costs not to exceed 30%; create a new section of KRS 148.851 to 148.860 to provide that new applications for enhanced incentive county incentives shall not be accepted or considered for incentives before August 1, 2014 or after July 31, 2018. |
Index Headings of Original Version |
Effective Dates, Delayed - Sales and use tax, tourism development incentives, enhanced incentive county Taxation - Sales and use tax, tourism development incentives, enhanced incentive county Taxation, Sales and Use - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 Tourism - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 |
Proposed Amendments |
House Committee Substitute 1 Senate Floor Amendment 1 |
Votes | Vote History |
02/27/14 |
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03/04/14 |
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03/14/14 |
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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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03/27/14 |
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03/28/14 |
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03/31/14 |
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04/10/14 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions except create a new section of KRS 148.851 to 148.860 to require that new applications for enhanced incentive county incentives not be accepted or considered for incentives before August 1, 2014 or after May 1, 2018. |
Index Headings |
Effective Dates, Delayed - Sales and use tax, tourism development incentives, enhanced incentive county Taxation - Sales and use tax, tourism development incentives, enhanced incentive county Taxation, Sales and Use - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 Tourism - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 |
Amendment | Senate Floor Amendment 1 |
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Sponsor | M. McGarvey |
Summary | Retain original provisions, except amend KRS 148.853 to allow certain entertainment destination centers that have previously been granted incentives under the Tourism Development Act program to be extended one or more times under certain circumstances; provide that projects that were previously extended and which have now expired may be retroactively extended under certain circumstances. |
Index Headings |
Effective Dates, Delayed - Sales and use tax, tourism development incentives, enhanced incentive county Taxation - Sales and use tax, tourism development incentives, enhanced incentive county Taxation, Sales and Use - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 Tourism - Tourism development incentives, enhanced incentive county, establish, August 1, 2014 |
Last updated: 8/27/2019 6:52 PM (EDT)