| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to economic development incentives for restaurants and hotels. |
| Bill Documents |
Bill
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| 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 |
| 02/13/15 |
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|---|---|
| 02/23/15 |
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Last updated: 1/16/2019 3:10 PM (EST)