| Last Action | 02/22/18: to Economic Development & Workforce Investment (H) |
|---|---|
| Title | AN ACT relating to economic development incentives. |
| Bill Documents | Introduced |
| Bill Request Number | 55 |
| Sponsors | J. Donohue, A. Gentry |
| Summary of Original Version | Amend KRS 154.32.010 to define "weekly minimum wage"; amend KRS 154.32-020 to require an approved company to pay all new full-time employees whose jobs were created as a result of the economic development project no less than the minimum weekly wage and provide employee benefits for those jobs equal to at least 15% of the minimum weekly wage established by the agreement; amend KRS 154.32-030 to delete all provisions that allow the approved company to receive full incentives if 90% of the job and wage requirements are met upon activation or annual review; amend KRS 154.32-040 to delete a provision that would allow the approved company to receive a reduction in tax incentives for failing to meet job and wage requirements. |
| Index Headings of Original Version |
Economic Development - KBI program, minimum weekly wage, require Taxation - KBI program, minimum weekly wage, require Taxation, Income--Corporate - KBI program, minimum weekly wage, require Taxation, Income--Individual - KBI program, minimum weekly wage, require |
| 02/20/18 |
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| 02/22/18 |
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Last updated: 9/1/2020 2:57 PM (EDT)
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