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Senate Bill 255

Actions | Amendments
Last Action 03/25/21: signed by Governor (Acts Ch. 141)
Title AN ACT relating to commercial mining of cryptocurrency.
Bill Documents Acts Chapter 141
Current/Final
Introduced
Bill Request Number 1315
Sponsor B. Smith
Summary of Original Version Amend KRS 154.27-010 to define additional terms; amend KRS 154.27-020 to change the name of the program to "Incentives for Energy-related Business" and include cryptocurrency facilities with a minimum capital investment of one million dollars; amend KRS 154.27-030, KRS 154.27-095,154.12-2035, and 353.804. to conform; EFFECTIVE July 1, 2021.
Index Headings of Original Version Economic Development - Incentive for Energy Independence Act, new name
Economic Development - Incentives for Energy Independence Act, new name
Effective Dates, Delayed - July 1, 2021
Taxation - Incentives for Energy Independence Act, new name, cryptocurrency facilities
Jump to Proposed Amendments Senate Committee Substitute 1
Senate Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
02/22/21
  • introduced in Senate
  • to Committee on Committees (S)
  • to Natural Resources & Energy (S)
02/24/21
  • reported favorably, 1st reading, to Calendar with Committee Substitute
02/25/21
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Monday, March 1, 2021
03/01/21
  • passed over and retained in the Orders of the Day
03/02/21
  • floor amendment (1) filed to Committee Substitute
  • passed over and retained in the Orders of the Day
03/03/21
  • 3rd reading, passed 36-1 with Committee Substitute and floor amendment (1)
03/04/21
  • received in House
  • to Committee on Committees (H)
03/05/21
  • taken from Committee on Committees (H)
  • 1st reading
  • returned to Committee on Committees (H)
  • to Economic Development & Workforce Investment (H)
  • posted in committee
03/11/21
  • reported favorably, 2nd reading, to Rules
03/12/21
  • taken from Rules (H)
  • placed in the Orders of the Day
  • 3rd reading, passed 74-19
03/15/21
  • received in Senate
  • enrolled, signed by President of the Senate
  • enrolled, signed by Speaker of the House
  • delivered to Governor
03/25/21
  • signed by Governor (Acts Ch. 141)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Amend KRS 154.27-010 to define additional terms; amend KRS 154.27-020 to change the name of the program to "Incentives for Energy-related Business" and include cryptocurrency facilities with a minimum capital investment of one million dollars; and amend KRS 154.27-030, KRS 154.27-095,154.12-2035, and 353.804. to conform; EFFECTIVE July 1, 2021.
Index Headings Economic Development - Incentive for Energy Independence Act, new name
Effective Dates, Delayed - Incentive for Energy Independence Act, new name, July 1, 2021
Taxation - Incentives for Energy Independence Act, new name, cryptocurrency facilities

Amendment Senate Floor Amendment 1
Sponsor B. Smith
Summary Amends KRS 154.27-020(5)(b) to include commercial cryptocurrency mining equipment at a facility.
Index Headings Economic Development - Tax incentive, commercial cryptocurrency mining equipment at a facility

Last updated: 11/9/2023 2:52 PM (EST)