House Bill 491

Actions | Amendments
Last Action 04/02/20: signed by Governor (Acts ch. 76)
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
04/02/20
  • signed by Governor (Acts ch. 76)

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: 4/29/2020 12:16 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot.