| Last Action | to Appropriations & Revenue (S) |
|---|---|
| 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 | 1194 |
| Sponsors | S. Humphries, D. Carroll, M. Wise |
| 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 |
Fiscal Note - TVA in-lieu-of-tax payments, direction to economic development activities 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 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 |
| 02/07/17 |
|
|---|---|
| 02/08/17 |
|
Last updated: 1/16/2019 3:02 PM (EST)