Kentucky
General Assembly

02/17/16	introduced in House
02/18/16	to Appropriations & Revenue (H)
02/26/16	posted in committee
03/08/16	reported favorably, 1st reading, to Calendar
03/09/16	2nd reading, to Rules
03/10/16	recommitted to Appropriations & Revenue (H)
03/15/16	reported favorably, to Rules with Committee Substitute (1) taken from Rules placed in the Orders of the Day for Wednesday, March 16, 2016
03/16/16	floor amendment (1) filed to Committee Substitute 3rd reading, passed 63-37 with Committee Substitute (1)
03/17/16	received in Senate taken from Committee on Committees (S) 1st reading returned to Committee on Committees (S)
03/18/16	taken from Committee on Committees (S) 2nd reading returned to Committee on Committees (S)
03/22/16	floor amendment (1) filed
03/23/16	to Appropriations & Revenue (S)
03/25/16	reported favorably, to Rules posted for passage in the Regular Orders of the Day for Friday, March 25, 2015 3rd reading, passed 34-2
03/28/16	received in House enrolled, signed by each presiding officer delivered to Governor
04/08/16	Vetoed

Amendment	House Committee Substitute 1
Summary	Retain original provisions of the bill; amend KRS 42.4582 to phase-in over 4 years a distribution of coal severance tax revenues allowing 100% of those receipts to be distributed to coal-producing counties; amend KRS 42.4585 to phase-in over 4 years the coal severance tax receipts be distributed to the Local Government Economic Development Fund and the Local Government Economic Assistance Fund on a 60% to 40% ratio, respectively; amend KRS 42.4592 to modify the distribution to single county projects; make conforming amendments; amend KRS 139.472 to exempt drugs for cattle, sheep, goats, swine, poultry, ratite birds, llamas, alpacas, buffalo, aquatic organisms, cervids, or bees if purchased on or after August 1, 2016, but before August 1, 2022; exempt bees used in a commercial enterprise and certain items used in that enterprise, when sold or purchased on or after August 1, 2016, but before August 1, 2022; create a new section of KRS Chapter 141 to establish a refundable income tax credit equal to the noise mitigation costs incurred by a taxpayer within a noise contour higher than 60 DNL; amend KRS 141.0205 to order the tax credit; amend KRS 141.010 to update the Internal Revenue Code reference date to the Code in effect on December 31, 2015, and to exclude from adjusted gross income up to $5,000 for the taxpayer and each dependent, limited to a maximum annual exclusion of $10,000, of qualified contributions to the Kentucky Education Savings Plan Trust for taxable years 2019 to 2025 and to include in adjusted gross income contributions and earnings that are refunded to a participant in the Plan that are not used for educational expenses; create a new of KRS Chapter 164 to require reporting to the Department of Revenue of refunds of amounts from any participant account, or amounts paid to any participant for purposes other than for payment of higher education costs; allow a KIA administrative fee of 0.5% for the administration of each project funded by Infrastructure for Economic Development Funds; increase the executive agency lobbyists registration fee to $275 and allow penalties collected by the Executive Branch Ethics Commission to be deposited into a trust fund account to the credit of the Commission; allow the Auditor of Public Accounts to charge agencies for additional expenses incurred during audits; allow the Personnel Board to assess an operating assessment equal to an amount required for the operation of the Board; prohibit any state or local taxes to be imposed on water withdrawal fees imposed by the Kentucky River Authority; allow the Personnel Cabinet to collect a pro rata assessment from all state agencies in all three branches supported by that system; require that premium and retaliatory taxes be credited to the general fund; require salvage and rebuilt titles to be issued through the speed title procedure when an electronic notification is issued by a county clerk; declare an EMERGENCY.
Index Headings	Effective Dates, Emergency - Revenue measures relating the the State/Executive Branch Budget Personnel and Employment - Personnel Cabinet, assessments by, allowance of Taxation - Insurance premium and retaliatory taxes, credited to general fund Taxation - Motor vehicle tire fee, extension of Taxation - Revenue measures relating the the State/Executive Branch Budget Taxation - Water withdrawal fees, not subject to state and local taxes Auditor of Public Accounts - Charges for audits, allowance of Budget and Financial Administration - Revenue measures relating the the State/Executive Branch Budget Fiscal Note - Water withdrawal fees, not subject to state and local taxes

Amendment	House Floor Amendment 1
Piggyback?	Yes
Sponsor	B. Rowland
Summary	Amend KRS 96.895 to provide that, beginning in fiscal year 2016-2017, a portion of the Tennessee Valley Authority (TVA) in-lieu-of-tax payment made to the Commonwealth and deposited into the general fund shall be transferred to the regional development agency assistance fund to be distributed among fiscal court-designated local industrial development authorities for economic development and job creation activities; provide that the transfers will not affect the portion of the total state TVA payment that is currently distributed among local government entities; provide that these transfers will be phased-in over a five-year period, with an amount equal to 50 percent of the general fund portion of the total state TVA payment being transferred in fiscal year 2020-2021, and each fiscal year thereafter, not to exceed $6,000,000 each year at full phase-in; declare an EMERGENCY.
Index Headings	Effective Dates, Emergency - Revenue measures relating the the State/Executive Branch Budget Personnel and Employment - Personnel Cabinet, assessments by, allowance of Taxation - Insurance premium and retaliatory taxes, credited to general fund Taxation - Motor vehicle tire fee, extension of Taxation - Revenue measures relating the the State/Executive Branch Budget Taxation - Water withdrawal fees, not subject to state and local taxes Auditor of Public Accounts - Charges for audits, allowance of Budget and Financial Administration - Revenue measures relating the the State/Executive Branch Budget Fiscal Note - Water withdrawal fees, not subject to state and local taxes

Amendment	Senate Floor Amendment 1
Sponsor	R. Stivers II
Summary	Create a new section of KRS Chapter 81A to permit a city to annex territory contiguous to its corporate boundaries that lies within another county; specify the manner of allocating revenue between the city and county governments.
Index Headings	Effective Dates, Emergency - Revenue measures relating the the State/Executive Branch Budget Personnel and Employment - Personnel Cabinet, assessments by, allowance of Taxation - Insurance premium and retaliatory taxes, credited to general fund Taxation - Motor vehicle tire fee, extension of Taxation - Revenue measures relating the the State/Executive Branch Budget Taxation - Water withdrawal fees, not subject to state and local taxes Auditor of Public Accounts - Charges for audits, allowance of Budget and Financial Administration - Revenue measures relating the the State/Executive Branch Budget Fiscal Note - Water withdrawal fees, not subject to state and local taxes