| Title | AN ACT relating to economic development incentives. |
|---|---|
| Bill Documents | Original |
| Sponsors | J. Donohue |
| 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 |
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 |
| 11/19/19 | Prefiled by the sponsor(s). |
|---|
Last updated: 1/6/2020 3:52 PM (EST)
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