Kentucky
General Assembly

02/19/25	introduced in House to Committee on Committees (H)
02/20/25	to Economic Development & Workforce Investment (H)
02/27/25	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/28/25	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Tuesday, March 04, 2025
03/05/25	floor amendment (1) filed to Committee Substitute
03/06/25	taken from the Orders of the Day recommitted to Appropriations & Revenue (H)
03/11/25	reported favorably, to Rules with Committee Substitute (2) and Committee Amendment (1-title) taken from Rules placed in the Orders of the Day 3rd reading, passed 67-18 with Committee Substitute (2) and Committee Amendment (1-title) received in Senate to Committee on Committees (S) to Appropriations & Revenue (S) 1st reading

Amendment	House Committee Substitute 1
Summary	Retain original provisions; make a technical correction; prohibit certain payments from being taken considered for determining if thresholds within the contract have been met.
Index Headings	Economic Development - Development area, conditions State Agencies - Cabinet for Economic Development, development area Cities, First Class - Development area, conditions Counties with Cities of the First Class - Development area, conditions

Amendment	House Committee Substitute 2
Summary	Retain original provisions; amend KRS 131.250 to require electronic filing of returns and electronic payments of tax beginning July 1, 2026, for certain brewers; amend KRS 132.010 and 136.010 to remove date limitations for certain property included within the definition of "real property"; amend KRS 132.140, 138.208 and 157.362 to require that the property tax reductions on distilled spirits be based on the assessed value instead of the applicable tax rates; amend 141.020 to allow the individual income tax rate to reduce by tenths, rather than one-half of a percentage point, for taxable years beginning on or after January 1, 2028; amend KRS 141.381 to extend the current training incentives for 10 years to April 15, 2037; amend KRS 148.851, 148.853, 148.855, and 148.859 to allow incentives for certain tourism attractions and lodging facility projects; amend KRS 154.30-050, 91A.390, 154.30-010, and 154.30-030 to allow a revised project to reapply under certain provisions; amend KRS 241.010 to add definitions; amend KRS 243.720, 243.730, 243.790, 243.850, and 243.884 to impose an excise tax and a wholesale sales tax on cannabis-infused beverages; create a new section of KRS Chapter 246 to state that the General Assembly is committed to research and development of an alternative fuels policy; create a new section of KRS Chapter 139 to allow a sales tax refund to certain facility operators and sponsoring entities of entertainment events; amend KRS 131.190 to mandate the Department of Revenue report on certain sales tax refunds; prohibit refunds related to certain real property and apply the certain real property provisions retroactively to property assessed on or after December 31, 2022; EFFECTIVE, in part, July 1, 2025.
Index Headings	Economic Development - Development area, conditions Effective Dates, Delayed - Sales and use tax, entertainment events, July 1, 2025 Effective Dates, Delayed - Taxation, cannabis-infused drinks, July 1, 2025 State Agencies - Cabinet for Economic Development, development area State Agencies - Department of Revenue, mandated report State Agencies - Tourism, tourism attractions, lodging facility projects Taxation - Cannabis-infused beverages, imposition Taxation - Income tax incentives, metropolitan college, tourism development, employee wage assessments Taxation - Individual income tax, tax rate reduction conditions Taxation - Property tax, pipelines, distilled spirits Taxation - Tax increment financing incentives Taxation, Income--Individual - Tax rate reduction conditions Taxation, Property - Distilled spirits Taxation, Property - Pipelines Taxation, Sales and Use - Refunds, entertainment events Tourism - Incentives, tourism attractions, lodging facility projects Agriculture - Alternative fuels, research Cities, First Class - Development area, conditions Counties with Cities of the First Class - Development area, conditions Reports Mandated - Department of Revenue, sales tax refund, entertainment events

Amendment	House Committee Amendment 1
Sponsor	J. Petrie
Summary	Make title amendment.
Index Headings	Title Amendments - HB 775

Amendment	House Floor Amendment 1
Sponsor	D. Gordon
Summary	Create a new section of KRS Chapter 65 to define terms; allow two or more local governments to form a regional industrial taxing district; establish requirements for an economic development project in a regional industrial taxing district; allow the district to levy a special ad valorem tax; allow local governments to impose an occupational license fee on businesses, trades, and professions performed, rendered, or conducted within a regional industrial taxing district; establish requirements for the occupational license fee and the revenues collected; require the establishment of a board as part of the interlocal agreement.
Index Headings	Economic Development - Regional industrial taxing districts, establishment Interlocal Cooperation - Regional industrial taxing districts, establishment Local Government - Regional industrial taxing districts, establishment Piggybacked Bills - HB 707 to HB 775 Property - Regional industrial taxing districts, economic development projects Taxation - Occupational license fees, special ad valorem taxes, regional industrial taxing districts Taxation, Property - Regional industrial taxing districts, establishment Cities - Regional industrial taxing districts, establishment Contracts - Regional industrial taxing districts, interlocal agreement, requirements Counties - Occupational license fees, special ad valorem taxes, regional industrial taxing districts