House Bill 453

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to economic development incentives for restaurants and hotels.
Bill Documents Bill
Bill Request Number 1620
Sponsor B. Montell
Summary of Original Version Create a new Subchapter 36 of KRS Chapter 154 and new sections of that subchapter to allow hotels and restaurants to recoup amounts expended to repair, renovate, improve, or upgrade facilities through a refund of incremental sales tax revenues generated from the facility where the economic development project was undertaken with maximum recovery equal to 20% of the amount expended on the project, with the amount refunded equal to a maximum of 25% of the incremental revenues over 10 years; create a new section of KRS Chapter 139 to establish administrative provisions for the Department of Revenue.
Index Headings of Original Version Economic Development - Hotels and restaurants, sales tax incentive for
Taxation - Sales tax incentive, hotels and restaurants
Taxation, Sales and Use - Economic development incentives, hotels and restaurants

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02/13/15
  • introduced in House
02/23/15
  • to Appropriations & Revenue (H)


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