BR175
WWW Version
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BR 175 - J. Donohue
AN ACT relating to economic development incentives.
Amend KRS 154.32.010 to define" minimum weekly 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; specify that Act's provisions apply to applications preliminarily approved prior to the Act's effective date.
Sep 13, 2018 - Prefiled by the sponsor(s).