House Bill 58

Actions
Last Action 01/17/24: to Economic Development & Workforce Investment (H)
Title AN ACT relating to economic fiscal matters.
Bill Documents Introduced
Bill Request Number 1200
Sponsors K. Fleming, J. Tipton, S. Bratcher
Summary of Original Version Create new sections of KRS Chapter 7A to establish the Tax Expenditure and Economic Development Incentive Review Board and specify the board's membership, authority, powers and duties; establish requirements for board meetings; establish requirements for when the General Assembly enacts new tax expenditures or economic development incentives; require agencies to assign taxpayers a unique number for purposes of reporting tax expenditures and economic development incentives; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure and economic development incentive from the general fund and road fund; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the Tax Expenditure and Economic Development Incentive Review Board; amend KRS 131.190 to allow the Department of Revenue to provide confidential data to the Tax Expenditure and Economic Development Incentive Review Board.
Index Headings of Original Version Economic Development - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
General Assembly - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Legislative Research Commission - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
State Agencies - Department of Revenue, reporting requirement
Taxation, Property - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation, Sales and Use - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation, Severance - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Auditor of Public Accounts - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Budget and Financial Administration - Estimate of revenue loss, tax expenditures and economic development incentives, publication
Reports Mandated - Tax Expenditure and Economic Development Review Board, annual report
Advisory Boards, Commissions, and Committees - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation, Income--Corporate - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation, Income--Individual - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Taxation, Inheritance and Estate - Tax Expenditure and Economic Development Incentive Review Board, establishment, duties

Actions

Top
01/02/24
  • introduced in House
  • to Committee on Committees (H)
01/17/24
  • to Economic Development & Workforce Investment (H)


Last updated: 4/18/2024 12:47 PM (EDT)