| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to sales and use tax incentives. |
| Bill Documents |
Bill
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| Bill Request Number | 1264 |
| 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 2016; 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, new tax incentive for economic development projects Taxation - Kentucky Business Investment (KBI) program, new sales and use tax incentive Taxation, Sales and Use - Incentives, new sales and use tax incentive within the Kentucky Business Investment program Counties - Enhanced incentive counties, new form of tax incentive for economic development projects Short Titles and Popular Names - Rural Communities Economic Advancement and Job Creation Act of 2016 |
| 01/19/16 |
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| 01/20/16 |
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Last updated: 1/16/2019 3:08 PM (EST)