| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to TVA in-lieu-of-tax payments and making an appropriation therefor. |
| Bill Documents | Introduced |
| Impact Statements |
Fiscal Note
Local Mandate |
| Bill Request Number | 834 |
| Sponsors | B. Rowland, M. Castlen, J. DeCesare, M. Dossett, R. Heath, R. Huff, K. Imes, M. Meredith, S. Miles, T. Moore, J. Petrie, M. Prunty, J. Richards, S. Riley, W. Stone, W. Thomas |
| Summary of Original Version | Amend KRS 96.895 to require that a portion of the Tennessee Valley Authority (TVA) in-lieu-of-tax revenue deposited in the general fund be distributed to agencies designated by counties that have TVA property located in that county or purchase power from TVA, increasing from 0% currently to 50% or a maximum of $6,000,000. |
| Index Headings of Original Version |
Courts, Fiscal - TVA in-lieu-of-tax payments, requirement to direct to agency Economic Development - TVA in-lieu-of-tax payments, direction to economic development activities Local Government - TVA in-lieu-of-tax payments, direction to economic development activities Local Mandate - TVA in-lieu-of-tax payments, direction to economic development activities Taxation - TVA in-lieu-of-tax payments, direction to economic development activities Taxation, Property - TVA in-lieu-of-tax payments, direction to economic development activities Budget and Financial Administration - TVA in-lieu-of-tax payments, transfer of state general fund portion to local entities Counties - TVA in-lieu-of-tax payments, direction to economic development activities Local Mandate - TVA in-lieu-of-tax payments, direction to economic development activities Fiscal Note - TVA in-lieu-of-tax payments, direction to economic development activities |
| 01/07/17 |
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| 02/07/17 |
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Last updated: 1/16/2019 3:02 PM (EST)