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House Bill 388

Actions | Amendments
Last Action signed by Governor (Acts, ch. 174)
Title AN ACT relating to tax increment financing and declaring an emergency.
Bill Documents Current/Final
Introduced
Impact Statements Fiscal Note
Local Mandate
Bill Request Number 1083
Sponsors R. Heath, K. Fleming , S. Santoro
Summary of Original Version Amend KRS 65.7045 to define "technology park"; amend KRS 65.7043 and 65.7049 to expand mixed-use development projects to include a mixed-use development with a technology park; amend KRS 154.30-060 to expand the definition of "mixed-use" project and to delete the upper investment limit on a project that can qualify as a mixed-use development project; amend KRS 65.7053 to conform; provide that the provisions of the Act are effective for applications for which a Tax Incentive Agreement has not been approved prior to the effective date of this Act; EMERGENCY.
Index Headings of Original Version Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of
Proposed Amendments House Committee Substitute 1
Senate Committee Substitute 1
Senate Committee Substitute 2
Senate Committee Substitute 3
Senate Committee Amendment 1
Votes Vote History

Actions

Top | Amendments
02/15/17
  • introduced in House
02/16/17
  • to Appropriations & Revenue (H)
02/23/17
  • reassigned to Economic Development & Workforce Investment (H)
02/27/17
  • posted in committee
03/02/17
  • reported favorably, 1st reading, to Calendar with Committee Substitute
03/03/17
  • 2nd reading, to Rules
03/06/17
  • posted for passage in the Regular Orders of the Day for Monday, March 6, 2017
  • 3rd reading, passed 92-0 with Committee Substitute
  • received in Senate
03/07/17
  • to Appropriations & Revenue (S)
03/14/17
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)
  • reported favorably, to Consent Calendar with Committee Substitute
03/15/17
  • 2nd reading, to Rules
03/29/17
  • taken from Rules
  • recommitted to Appropriations & Revenue (S)
03/30/17
  • reported favorably, to Rules with Committee Substitutes (2) and committee amendment (1-title) as a consent bill
  • posted for passage in the Consent Orders of the Day for Thursday, March 30, 2017
  • taken from the Consent Orders of the Day
  • recommitted to Appropriations & Revenue (S)
  • reported favorably, to Rules with Committee Substitute (3)
  • posted for passage in the Regular Orders of the Day for Thursday, March 30, 2017
  • 3rd reading
  • Committee Substitutes (1) and (2) withdrawn
  • passed 38-0 with Committee Substitute (3) and committee amendment (1-title)
  • received in House
  • to Rules (H)
  • posted for passage for concurrence in Senate Committee Substitute (3) and committee amendment (1-title)
  • House concurred in Senate Committee Substitute (3) and committee amendment (1-title)
  • passed 74-14
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/10/17
  • signed by Governor (Acts, ch. 174)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Local Mandate
Summary Amend KRS 65.7045 to define "technology park"; amend KRS 65.7043 and 65.7049 to expand mixed-use development projects to include a mixed-use development with a technology park; amend KRS 154.30-060 to expand the definition of "mixed-use" project and to delete the upper investment limit on a project that can qualify as a mixed-use development project; amend KRS 65.7053 to conform; provide that the provisions of the bill are effective for applications for which a Tax Incentive Agreement has not been approved prior to the effective date of this bill; EMERGENCY.
Index Headings Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of

Amendment Senate Committee Substitute 1
Impact Statements Local Mandate
Summary Retain original provisions; amend KRS 154.30-030 to allow convention facility projects located within an urban-county government to apply and receive tax increment financing incentives without submitting a report prepared by an independent consultant or financial advisor.
Index Headings Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of

Amendment Senate Committee Substitute 2
Impact Statements Local Mandate
Summary Amend KRS 65.7043 to include a mixed-use development project which includes a merchant solar electric generating facility as a qualification for a mixed-use development area for previously undeveloped land and to specify that the facility is subject to review and approval of the Kentucky State Board on Electric Generation and Transmission Siting and the provisions of KRS 278.700 to 278.716 when it exceeds 2 megawatts of generation capacity; amend KRS 65.7045 to define a merchant solar electric generating facility; create a new Section in KRS Chapter 278 to state a merchant solar electric generating facility which exceeds 2 megawatts of generating capacity is subject to the review and approval of the Kentucky State Board on Electric Generation and Transmission Siting and the provisions of KRS 278.700 to 278.716; amend KRS 154.30-060 to expand the definition of "mixed-use" and to allow provisions previously restricted to urban-county and consolidated-local governments to be available to all counties; amend KRS 65.7049 to make a technical change; amend KRS 65.7053 to conform; amend KRS 189.2301 to remove the exception to the axel weight provisions for vehicles in excess of posted bridge weight limits; EMERGENCY
Index Headings Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of

Amendment Senate Committee Substitute 3
Impact Statements Local Mandate
Summary Amend KRS 65.7043 to include a mixed-use development project that includes a tract of undeveloped land that was owned by a liberal arts educational institution and bounded on one side by a four lane United States highway; amend KRS 154.30-060 to expand the definition of "mixed-use" and to allow provisions previously restricted to urban-county and consolidated-local governments to be available to all counties; amend KRS 65.7049 to make a technical change; amend KRS 189.2301 to remove axle weight exception to the provisions; EMERGENCY.
Index Headings Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of

Amendment Senate Committee Amendment 1
Sponsor S. Humphries
Summary Make title amendment.
Index Headings Economic Development - Tax increment financing, mixed-use development, definition, expansion of
Economic Development - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Government - Tax increment financing, mixed-use development, definition, expansion of
Local Government - Tax increment financing, mixed-use development, upper limit of investment, removal of
Taxation - Tax increment financing, mixed-use development, definition, expansion of
Taxation - Tax increment financing, mixed-use development, upper limit of investment, removal of
Effective Dates, Emergency - Tax increment financing, mixed-use development
Fiscal Note - Tax increment financing, mixed-use development, upper limit of investment, removal of
Local Mandate - Tax increment financing, mixed-use development, upper limit of investrment, removal of

Last updated: 1/16/2019 3:02 PM (EST)