Kentucky
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House Bill 422

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Last Action 03/11/20: posted in committee
Title AN ACT relating to fiscal matters and declaring an emergency.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 459
Sponsors J. Petrie, J. Tipton
Summary of Original Version Create new sections of KRS Chapter 6 to define "fiscal note" and "tax expenditure"; establish requirements for fiscal notes; allow the waiver of the fiscal note requirements; establish responsibilities of the Legislative Research Commission in regard to fiscal notes; create a new section of KRS Chapter 6 to require offsetting for bills and amendments with tax expenditures; amend KRS 11.068 to add the biennial tax expenditure analysis report to the Office of State Budget Director's job duties and set forth specific requirements; amend KRS 48.010 to define "tax expenditure"; amend KRS 48.110 to require a brief fiscal impact in recommendations and set forth specific requirements; require offsetting in recommendations with tax expenditures; amend various KRS statutes for technical corrections and conforming changes; EMERGENCY.
Index Headings of Original Version Budget and Financial Administration - New tax expenditures, offsetting requirements, establishment
Fiscal Note - Fiscal notes, bills and amendments containing tax expenditures, requirement
Effective Dates, Emergency - Fiscal notes and offsetting requirements, bills and amendments with tax expenditures, establishment
General Assembly - Fiscal notes and offsetting requirements, bills and amendments with tax expenditures, establishment
Legislative Research Commission - Fiscal notes, bills and amendments containing tax expenditures, requirement
State Agencies - Office of State Budget Director job duties, biennial tax expenditure analysis report, addition
Budget and Financial Administration - Biennial tax expenditure analysis report, establishment

Actions

Top
02/12/20
  • introduced in House
02/14/20
  • to Appropriations & Revenue (H)
03/11/20
  • posted in committee


Last updated: 10/27/2020 12:10 PM (EDT)
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