House Bill 491

Actions | Amendments
Last Action 03/26/20: delivered to Governor
Title AN ACT relating to economic development incentives.
Bill Documents Current
Introduced
Bill Request Number 1955
Sponsor B. Rowland
Summary of Original Version Amend KRS 154.20-234 to change the definition of "closely related"; amend KRS 154.20-236 to change tax credit amounts; amend KRS 154.20-240 to add expiration for unclaimed credits; amend KRS 154.60-010 to change the definitions for "base employment" and "small business"; amend KRS 154.60-040 to replace "individual" with "selling farmer".
Index Headings of Original Version Economic Development - Tax credits, changes to
Labor and Industry - Economic development, changes to tax credits
Small Business - Credit expiration, changes to
Wages and Hours - Economic development, changes to tax credits
Workforce - Economic development, changes to tax credits
Jump to Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/25/20
  • introduced in House
02/27/20
  • to Appropriations & Revenue (H)
03/02/20
  • posted in committee
03/10/20
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
03/11/20
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, March 12, 2020
03/12/20
  • 3rd reading, passed 95-0 with Committee Substitute (1)
03/17/20
  • received in Senate
  • taken from Committee on Committees (S)
  • 1st reading
  • returned to Committee on Committees (S)
03/18/20
  • taken from Committee on Committees (S)
  • 2nd reading
  • returned to Committee on Committees (S)
  • to Economic Development, Tourism, and Labor (S)
03/26/20
  • reported favorably, to Rules as a consent bill
  • posted for passage in the Consent Orders of the Day for Thursday, March 26, 2020
  • 3rd reading, passed 32-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Amend KRS 154.20-234 to change the definition of "closely related"; amend KRS 154.20-236 to change the percentage of qualified investment allowable as a tax credit; amend KRS 154.20-240 to clarify when unclaimed credits expire for a small business that becomes insolvent; amend KRS 154.60-010 to change the definitions for "base employment" and "small business"; amend KRS 103.220 and 103.246 to make a technical correction.
Index Headings Technical Corrections - HB 491/HCS
Fiscal Note - Economic development, changes to tax credits
Economic Development - Tax credits, changes to
Labor and Industry - Economic development, changes to tax credits
Small Business - Credit expiration, changes to
Wages and Hours - Economic development, changes to tax credits
Workforce - Economic development, changes to tax credits

Last updated: 3/31/2020 9:37 AM (EDT)
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