|03/03/23: returned to Appropriations & Revenue (H)
|AN ACT relating to an economic development taxpayer transplant program.
|Bill Request Number
|Summary of Original Version
|Create a new section of Subchapter 20 of KRS Chapter 154 to establish the Taxpayer Transplant Program to recruit remote workers and employees to the Commonwealth; establish program guidelines and require the Kentucky Economic Development Finance Authority to issue a request for proposal for the contracted company to invest in the program and recruit, market, and offer incentive grants to attract qualified employees; create a new section of KRS Chapter 131 to authorize the Department of Revenue to issue annual disbursements to the contracted company based upon the qualified employees, wages, and county of location; require the Department of Revenue to report to the Interim Joint Committees on Appropriations on the program; require the authority to issue the request for proposal within 90 days of the effective date of the Act to avoid a ten percent reduction in the Economic Development budget unit in the next biennium.
|Index Headings of Original Version
Economic Development - Taxpayer Transplant Program
Labor and Industry - Taxpayer Transplant Program, qualified employee with gross income of $75,000 or more annually
Workforce - Economic Development Finance Authority, Taxpayer Transplant Program
Taxation - Department of Revenue, annual disbursements to contracted company
Wages and Hours - Taxpayer Transplant Program, qualified employee with gross income of $75,000 or more annually
Contracts - Economic Development Finance Authority, request for proposal, Taxpayer Transplant Program
Counties - Annual disbursement to contracted company based on county size, Taxpayer Transplant Program
Last updated: 11/9/2023 3:03 PM (EST)