House Bill 487

Actions | Amendments
Last Action became law without Governor's Signature (Acts, ch. 207)
Title AN ACT relating to tax credits and declaring an emergency.
Bill Documents Current/Final
Introduced
Impact Statements Fiscal Note
Bill Request Number 1799
Sponsor P. Pratt
Summary of Original Version Amend KRS 337.055 to insert gender-neutral language.
Index Headings of Original Version Economic Development - Technical amendment, gender neutrality
Labor and Industry - Technical amendment, gender neutrality
Workforce - Technical amendment, gender neutrality
Fiscal Note - Technical amendment, gender neutrality
Proposed Amendments House Committee Substitute 1
House Committee Amendment 1
Senate Committee Substitute 1
Senate Committee Amendment 1
Votes Vote History

Actions

Top | Amendments
02/26/18
  • introduced in House
02/28/18
  • to Economic Development & Workforce Investment (H)
03/12/18
  • posted in committee
03/14/18
  • reported favorably, 1st reading, to Calendar with Committee Substitute & committee amendment (1-title)
03/15/18
  • 2nd reading, to Rules
03/16/18
  • posted for passage in the Regular Orders of the Day for Monday, March 19, 2018
03/19/18
  • 3rd reading, passed 74-11 with Committee Substitute and committee amendment (1-title)
03/20/18
  • received in Senate
03/21/18
  • taken from Committee on Committees (S)
  • 1st reading
  • returned to Committee on Committees (S)
  • to Appropriations & Revenue (S)
03/22/18
  • taken from Appropriations & Revenue (S)
  • 2nd reading
  • returned to Appropriations & Revenue (S)
04/14/18
  • reported favorably, to Rules with Committee Substitute and committee amendment (1-title)
  • posted for passage in the Regular Orders of the Day for Saturday, April 14, 2018
  • 3rd reading, passed 24-14 with Committee Substitute and committee amendment (1-title)
  • received in House
  • to Rules (H)
  • taken from Rules
  • posted for passage for concurrence in Senate Committee Substitute and committee amendment (1-title)
  • House concurred in Senate Committee Substitute and committee amendment (1-title)
  • Bill passed 51-38
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/26/18
  • filed without Governor's signature with the Secretary of State
04/27/18
  • became law without Governor's Signature (Acts, ch. 207)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Impact Statements Fiscal Note
Summary Amend KRS 141.403 to sunset the tax credit; amend KRS 141.415 to remove references and application to the Kentucky Reinvestment Act projects; create a new section of KRS Chapter 141 to provide for the Kentucky Reinvestment Act tax credit and require reporting of the Department of Revenue; create a new section in subchapter 26 of KRS Chapter 154 to sunset the program; amend KRS 154.34-010 to modify the definitions; amend KRS 154.34-070 to add a three-year project completion timeframe for final approval and alter the requirements to the application; amend KRS 154.34-080 to remove the reference to eligible skills upgrade training costs; amend KRS 154.34-090 to conform; amend KRS 154.34-110 to alter the criteria of the program and require reporting of the Cabinet for Economic Development; amend KRS 154.34-120 to sunset the program; create new sections of Subchapter 34 of KRS Chapter 154 to provide guidance on wage assessments; amend various sections of the Kentucky Revised Statutes to make conforming changes and technical corrections; EMERGENCY.
Index Headings Economic Development - Technical amendment, gender neutrality
Labor and Industry - Technical amendment, gender neutrality
Workforce - Technical amendment, gender neutrality
Fiscal Note - Technical amendment, gender neutrality

Amendment House Committee Amendment 1
Sponsor P. Pratt
Summary Make title amendment.
Index Headings Economic Development - Technical amendment, gender neutrality
Labor and Industry - Technical amendment, gender neutrality
Workforce - Technical amendment, gender neutrality
Fiscal Note - Technical amendment, gender neutrality

Amendment Senate Committee Substitute 1
Summary Include all provisions from HB 366, as amended by the free conference committee report, as modified as follows; clarify the definition of prewritten computer software for sales and use tax purposes; define terms for sales and use tax purposes related to manufacturing and industrial processing processes; clarify the cost of production related to energy or energy-producing fuels for sales and use tax purposes; clarify the definition and provisions related to a part-year resident for income tax purposes; decouple from the deduction allowed in Section 199A of the Internal Revenue Code related to the 20% deduction for pass-through income; maintain the current 3-factor apportionment formula for telecommunication companies; suspend the Kentucky Industrial Revitalization Act until July 1, 2022; suspend the Angel Investor tax credit until July 1, 2022, and provide a $3 million tax credit cap when the program resumes; suspend the Kentucky Investment Fund Act until July 1, 2022, and provide a $3 million tax credit cap when the program resumes; require reporting for certain tax credits; prohibit contingency fee contracts for tax administration; modify the taxpayer bill of rights to allow damages against the Commonwealth sustained as a result of willful, reckless, or intentional disregard by department employees; allow 180 days for a taxpayer to submit a copy of the final determination of a federal audit; allow the inventory tax credit if the property tax paid on inventory is timely paid; require certain taxpayers to file withholding statements electronically; require certain corporations to file income tax returns electronically; provide combined income tax returns based on a unitary business group for taxable years beginning prior to January 1, 2019, unless the group elects to file a consolidated return based on the same group that files for federal income tax purposes; exempt gross receipts derived from charges for labor or services to apply, install, repair, or maintain tangible personal property directly used in the manufacturing or industrial processing process; clarify that computer software other than prewritten computer software is exempt from property tax; conform the net operating loss deduction to the new combined or consolidated filing method; repeal the repeal of the Kentucky Jobs Retention Act and Incentives for Energy Independence Act that was accomplished in HB 366; provide that certain employees or employers may cease to participate in the Kentucky Retirement System and delay the increased contribution for some employers; repeal sections 1 and 3 of HB 362 as enacted; make various conforming changes.
Index Headings Economic Development - Technical amendment, gender neutrality
Labor and Industry - Technical amendment, gender neutrality
Workforce - Technical amendment, gender neutrality
Fiscal Note - Technical amendment, gender neutrality

Amendment Senate Committee Amendment 1
Sponsor C. McDaniel
Summary Make title amendment.
Index Headings Economic Development - Technical amendment, gender neutrality
Labor and Industry - Technical amendment, gender neutrality
Workforce - Technical amendment, gender neutrality
Fiscal Note - Technical amendment, gender neutrality

Last updated: 1/16/2019 3:00 PM (EST)