House Bill 115

Actions
Last Action 01/07/20: to Economic Development & Workforce Investment (H)
Title AN ACT relating to economic development incentives.
Bill Documents Introduced
Bill Request Number 325
Sponsors J. Donohue, G. Brown Jr, S. Westrom
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, requiring
Taxation - KBI program, minimum weekly wage, requiring
Taxation, Income--Corporate - KBI program, minimum weekly wage, requiring
Taxation, Income--Individual - KBI program, minimum weekly wage, requiring

Actions

Top
11/19/19
  • Prefiled by the sponsor(s).
01/07/20
  • introduced in House
  • to Economic Development & Workforce Investment (H)


Last updated: 4/29/2020 12:16 PM (EDT)
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