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House Bill 194

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Last Action to Appropriations & Revenue (S)
Title AN ACT relating to the impact of refunds of natural resources severance and processing tax upon distributions from the local government economic assistance fund and declaring an emergency.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 368
Sponsor M. Denham
Summary of Original Version Amend KRS 42.470 to provide that effective April 1, 2015, quarterly distributions of local government economic assistance fund moneys to a mineral producing county shall be reduced by no more than 20% as a result of any refund of natural resources severance and processing tax, and that if the local share of a refund exceeds this limit, the remainder shall carry forward to be offset in successive quarters as necessary until it is satisfied in full; declare an EMERGENCY.
Index Headings of Original Version Effective Dates, Emergency - Local government economic assistance fund, county distributions
Effective Dates, Emergency - Natural resources severance and processing tax, refunds
Local Government - Local government economic assistance fund, county distribution adjustments
Minerals and Mining - Natural resources severance and processing tax, application of refunds
Taxation - Natural resources severance and processing tax, application of refunds
Taxation, Severance - Natural resources severance and processing tax, application of refunds
Budget and Financial Administration - Local government economic assistance fund, county distribution adjustments
Budget and Financial Administration - Natural resources severance and processing tax, application of refunds
Counties - Local government economic assistance fund, county distribution adjustments
Local Mandate - Local government economic assistance fund, county distribution adjustments
Votes Vote History

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02/03/15
  • introduced in House
02/05/15
  • to Appropriations & Revenue (H)
02/13/15
  • posted in committee
02/24/15
  • reported favorably, 1st reading, to Consent Calendar
02/25/15
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Friday, February 27, 2015
  • taken from the Consent Orders of the Day, placed in the Regular Orders of the Day for Friday, February 27, 2015
02/26/15
  • 3rd reading, passed 96-0
02/27/15
  • received in Senate
03/02/15
  • to Appropriations & Revenue (S)


Last updated: 1/16/2019 3:10 PM (EST)