Kentucky
General Assembly

02/03/21	introduced in Senate to Committee on Committees (S)
02/09/21	to State & Local Government (S)
02/24/21	reported favorably, 1st reading, to Consent Calendar
02/25/21	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Friday, February 26, 2021
02/26/21	3rd reading, passed 36-0
03/01/21	received in House to Committee on Committees (H)
03/03/21	to State Government (H) posted in committee
03/04/21	reported favorably, 1st reading, to Calendar
03/05/21	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Thursday, March 11, 2021
03/11/21	floor amendment (1), (2-title) and (3) filed
03/12/21	3rd reading, passed 85-10 with floor amendments (1), (3) and (2-title)
03/15/21	received in Senate to Rules (S) posted for passage for concurrence in House floor amendments (1) (3) and (2-title) for Tuesday, March 16, 2021
03/16/21	floor amendment (2-title) ruled out of order Senate refused to concur in House floor amendments (1) and (3) received in House to Rules (H)
03/29/21	taken from Rules posted for passage for receding from House floor amendments (1) (3) and (2-title) House refused to recede from floor amendments (1) (3) and (2-title) Conference Committee appointed in House and Senate Conference Committee report filed in House and Senate Conference Committee report adopted in House and Senate
03/30/21	Free Conference Committee appointed in House and Senate Free Conference Committee report filed in House and Senate posted for passage for consideration of Conference Report and Free Conference Report Free Conference Committee report adopted in House Bill 53-34 passed received in Senate to Rules (S) posted for passage for consideration of Free Conference Free Conference Committee report adopted in Senate Bill passed 33-2 enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor
04/05/21	signed by Governor (Acts Ch. 185)

Amendment	House Floor Amendment 1
Sponsor	S. Rudy
Summary	Retain original provisions; amend KRS 12.020 to rename an office and a commission associated with the Cabinet for Economic Development; amend various KRS Chapter and sections to conform; amend KRS 65.7047 to require the city or county to engage a qualified independent outside consultant prior to entering a local tax increment financing agreement; amend KRS 141.403 to sunset the income tax credit related to the Kentucky Industrial Revitalization Act; amend KRS 154.12-204 to coordinate the definitions related to the Bluegrass State Skills grant in aid and training tax credit with the definitions in other economic development programs; amend KRS 154.12-206 and 154.12-207 to modify the delivery of skills training and increase the tax credit thresholds awarded to approved companies; amend KRS 154.12-310 to require a statewide network of Kentucky innovation hubs; amend KRS 154.20-230 to allow the certain entities involved in other technological advances to be deemed as engaged in a qualified activity for tax credit purposes; amend KRS 154.20-232 and 154.20-234 to modify the administrative processes for the Kentucky Angel Investment Act; amend various sections in KRS Chapter 154, subchapter 20, to add and modify definitions related to the Kentucky Investment Fund Act, create a new tax credit cap, limit the tax credit to 25% of the investor's proportional ownership share, and make changes to the application and approval process; amend KRS 154.31-010 to add and modify definitions related to the sales and use tax refund related to the Kentucky Investment Act; amend various sections in KRS Chapter 154, subchapter 32, to eliminate, add, and modify definitions related to the Kentucky Business Investment Program, expand the qualifying activities, and eliminate the advance disbursement provisions; amend various sections of KRS Chapter 154, subchapter 34, to add and modify definitions related to the Kentucky Reinvestment Act, require a preliminarily approved company to complete the reinvestment project within 3 years from the date of preliminary approval, limit the amount of incentives allowed in any year to no more than 20% of the total amount of approved costs, and require the company to incur at least $1 million of eligible equipment and related costs for leased projects; amend various sections in KRS Chapter 154, subchapter 35, to add definitions related to the Kentucky Research and Development Infrastructure Fund and modify the duties of the research centers of the University of Louisville; create a new section in KRS Chapter 154, subchapter 26, to sunset the Kentucky Industrial Revitalization Act; amend various sections in KRS Chapter 164 to move the Kentucky Innovation Act and the Kentucky Enterprise Fund to the Cabinet for Economic Development, make conforming changes, increase the amount of grants awarded from the fund, and change administrative processes; transfer all moneys in the Kentucky Rural Innovation Fund and the Kentucky Commercialization Fund on July 1, 2021; amend KRS 141.396 to require the Department of Revenue to submit an annual report on the Angel Investor tax credit; repeal various sections in KRS Chapter 164.
Index Headings	Economic Development - Bluegrass State Skills Economic Development - Kentucky Angel Investment Act Economic Development - Kentucky Business Investment Program Economic Development - Kentucky Enterprise Fund Economic Development - Kentucky Innovation Act Economic Development - Kentucky Investment Fund Act Economic Development - Kentucky Reinvestment Act Taxation - Bluegrass State Skills Taxation - Kentucky Angel Investment Act Taxation - Kentucky Business Investment Program Taxation - Kentucky Investment Fund Act Taxation - Kentucky Reinvestment Act Taxation, Income--Corporate - Economic development tax credits Reports Mandated - Angel investor tax credit, Department of Revenue

Amendment	House Floor Amendment 2
Sponsor	S. Rudy
Summary	Make title amendment.
Index Headings	Title Amendments - SB 162/GA

Amendment	House Floor Amendment 3
Sponsor	P. Flannery
Summary	Retain original provisions of SB 162/GA. Amend numerous KRS chapters to update language replacing Kentucky Claims Commission with the Office of Claims and Appeals, which is created by this Act and establishes three boards within this office as the Board of Tax Appeals, Board of Claims, and Crime Victims Compensation Board; amend various KRS chapters making conforming changes.
Index Headings	Piggybacked Bills - HB 540/HCS 1 to SB 162/GA Crime Victims - Crime Victims Compensation Board, creation State Agencies - Board of Claims, Board of Tax Appeals, Crime Victims Compensation Board, creation Taxation - Board of Tax Appeals, creation Claims - Board of Claims, creation Claims - Office of Claims and Appeals, creation Boards and Commissions - Board of Claims, Board of Tax Appeals, Crime Victims Compensation Board, creation Public Protection - Office of Claims and Appeals, creation

Amendment	Conference Committee Report 1
Summary	Do not agree.
Index Headings	Conference Committee Reports - SB 162

Amendment	Free Conference Committee Report 1
Summary	Retain original provisions, except amend KRS 14.025 to abolish the Division of Administration and the Division of Business Filings in the Office of the Secretary of State; create the Office of Administration, Office of Business Services, and Office of Elections, and describe the duties of the offices; amend KRS 355.9-513A to conform; confirm Secretary of State Executive Order 2020-02; amend numerous KRS chapters to update language replacing Kentucky Claims Commission with the Office of Claims and Appeals, which is created by this Act and establishes three boards within this office as the Board of Tax Appeals, Board of Claims, and Crime Victims Compensation Board; amend various KRS chapters making conforming changes; amend KRS 12.020 to rename an office and a commission associated with the Cabinet for Economic Development; amend various KRS Chapter and sections to conform; amend KRS 65.7047 to require the city or county to engage a qualified independent outside consultant prior to entering a local tax increment financing agreement; amend KRS 141.403 to sunset the income tax credit related to the Kentucky Industrial Revitalization Act; amend KRS 154.12-204 to coordinate the definitions related to the Bluegrass State Skills grant in aid and training tax credit with the definitions in other economic development programs; amend KRS 154.12-206 and 154.12-207 to modify the delivery of skills training and increase the tax credit thresholds awarded to approved companies; amend KRS 154.12-310 to require a statewide network of Kentucky innovation hubs; amend KRS 154.20-230 to allow the certain entities involved in other technological advances to be deemed as engaged in a qualified activity for tax credit purposes; amend KRS 154.20-232 and 154.20-234 to modify the administrative processes for the Kentucky Angel Investment Act; amend various sections in KRS Chapter 154, subchapter 20, to add and modify definitions related to the Kentucky Investment Fund Act, create a new tax credit cap, limit the tax credit to 25% of the investor's proportional ownership share, and make changes to the application and approval process; amend KRS 154.31-010 to add and modify definitions related to the sales and use tax refund related to the Kentucky Investment Act; amend various sections in KRS Chapter 154, subchapter 32, to eliminate, add, and modify definitions related to the Kentucky Business Investment Program, expand the qualifying activities, and eliminate the advance disbursement provisions; amend various sections of KRS Chapter 154, subchapter 34, to add and modify definitions related to the Kentucky Reinvestment Act, require a preliminarily approved company to complete the reinvestment project within three years from the date of preliminary approval, limit the amount of incentives allowed in any year to no more than 20% of the total amount of approved costs, and require the company to incur at least $1 million of eligible equipment and related costs for leased projects; amend various sections in KRS Chapter 154, subchapter 35, to add definitions related to the Kentucky Research and Development Infrastructure Fund; create a new section in KRS Chapter 154, subchapter 26, to sunset the Kentucky Industrial Revitalization Act; amend various sections in KRS Chapter 164 to move the Kentucky Innovation Act and the Kentucky Enterprise Fund to the Cabinet for Economic Development, make conforming changes, increase the amount of grants awarded from the fund, and change administrative processes; transfer all moneys in the Kentucky Rural Innovation Fund and the Kentucky Commercialization Fund on July 1, 2021; amend KRS 141.396 to require the Department of Revenue to submit an annual report on the Angel Investor tax credit; repeal various sections in KRS Chapter 164.
Index Headings	Boards and Commissions - Board of Claims, Board of Tax Appeals, Crime Victims Compensation Board, creation Claims - Board of Claims, creation Claims - Office of Claims and Appeals, creation Crime Victims - Crime Victims Compensation Board, creation Economic Development - Bluegrass State Skills Economic Development - Kentucky Angel Investment Act Economic Development - Kentucky Business Investment Program Economic Development - Kentucky Enterprise Fund Economic Development - Kentucky Innovation Act Economic Development - Kentucky Investment Fund Act Economic Development - Kentucky Reinvestment Act Public Protection - Office of Claims and Appeals, creation Reorganization - Secretary of State's office, Executive Order 2020-02 Reports Mandated - Angel investor tax credit, Department of Revenue Secretary of State - Reorganization of office, Executive Order 2020-02 State Agencies - Secretary of State's office, reorganization, Executive Order 2020-02 State Agencies - Board of Claims, Board of Tax Appeals, Crime Victims Compensation Board, creation Taxation - Bluegrass State Skills Taxation - Kentucky Angel Investment Act Taxation - Kentucky Business Investment Program Taxation - Kentucky Investment Fund Act Taxation - Kentucky Reinvestment Act Taxation - Board of Tax Appeals, creation Taxation, Income--Corporate - Economic development tax credits Conference Committee Reports - SB 162