Last Action | 02/27/19: posted in committee |
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Title | AN ACT relating to tax expenditures. |
Bill Documents | Introduced |
Fiscal Impact Statement | Fiscal Note |
Bill Request Number | 1019 |
Sponsors | J. Tipton, J. Petrie, J. Graviss, M. Meredith, J. Miller, D. St. Onge, S. Westrom |
Summary of Original Version | Create a new section of KRS Chapter 7A to establish the Tax Expenditure Oversight Board; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure from the general fund and road fund; amend KRS 48.111 to require the Governor to include within the executive branch budget recommendation and in the draft budget bill for the executive branch a detailed account of each tax expenditure in addition to the office estimate provided by the consensus forecasting group; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the Tax Expenditure Oversight Board; amend KRS 131.190 to exempt the data provided by the Department of Revenue from the confidentiality standards for tax return data. |
Index Headings of Original Version |
General Assembly - Tax Expenditure Oversight Board, establishment of Governor - Estimate of revenue loss, tax expenditures, include within Legislative Research Commission - Tax Expenditure Oversight Board, establishment of Taxation - Tax Expenditure Oversight Board, establishment of Taxation, Income--Corporate - Tax Expenditure Oversight Board, establishment of Taxation, Income--Individual - Tax Expenditure Oversight Board, establishment of Taxation, Inheritance and Estate - Tax Expenditure Oversight Board, establishment of Taxation, Property - Tax Expenditure Oversight Board, establishment of Taxation, Sales and Use - Tax Expenditure Oversight Board, establishment of Taxation, Severance - Tax Expenditure Oversight Board, establishment of Auditor of Public Accounts - Tax Expenditure Oversight Board, appointment to Budget and Financial Administration - Estimate of revenue loss, tax expenditures, include within Advisory Boards, Commissions, and Committees - Tax Expenditure Oversight Board, establishment of Fiscal Note - Tax Expenditure Oversight Board, establishment of |
02/08/19 |
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02/11/19 |
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02/27/19 |
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Last updated: 11/9/2023 3:08 PM (EST)