House Bill 356

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to sales and use tax incentives.
Bill Documents Bill
Bill Request Number 863
Sponsor M. Denham
Summary of Original Version Amend KRS 154.32-020 relating to the Kentucky Business Investment (KBI) economic development incentive program to allow a new, additional sales and use tax incentive to be awarded to approved companies undertaking economic development projects in certain enhanced incentive counties; create a new section of Subchapter 32 of KRS Chapter 154 to establish the parameters of the sales and use tax refund incentive; amend KRS 154.32-040 to conform; create a new section of KRS Chapter 139 to establish the procedure for an approved company to apply to the Department of Revenue for payment of a refund; declare the short title of the Act to be the Rural Communities Economic Advancement and Job Creation Act of 2015; provide that the Act shall apply to economic development projects undertaken by companies receiving preliminary approval on or after the effective date of the Act.
Index Headings of Original Version Economic Development - Enhanced incentive counties, allow a new tax incentive for economic development projects
Economic Development - Kentucky Business Investment (KBI) program, allow a new sales and use tax incentive
Popular Names and Short Titles - Rural Communities Economic Advancement and Job Creation Act of 2015
Taxation - Incentives, allow a new sales and use tax incentive within the Kentucky Business Investment program
Taxation - Kentucky Business Investment (KBI) program, allow a new sales and use tax incentive
Taxation - Sales and use tax, allow a new tax incentive within the Kentucky Business Investment (KBI) program
Taxation, Sales and Use - Incentives, allow a new sales and use tax incentive within the Kentucky Business Investment program
Counties - Enhanced incentive counties, allow a new form of tax incentive for economic development projects

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02/09/15
  • introduced in House
02/10/15
  • to Appropriations & Revenue (H)


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