Last Action | 03/28/25: delivered to Governor |
---|---|
Title | AN ACT relating to economic development. |
Bill Documents |
Current/Final
Introduced |
Fiscal Impact Statement | Fiscal Note |
Bill Request Number | 451 |
Sponsors | W. Williams, J. Bray |
Summary of Original Version | Amend KRS 45.812 to require an agency, corporation, or school district that is authorized to issue a general obligation bond by an appropriation of the General Assembly, or by or on behalf of any Kentucky school district, to report the costs associated with the issuance of the bond to the Capital Projects and Bond Oversight Committee and the Interim Joint Committee on Appropriations and Revenue. |
Index Headings of Original Version |
Education, Finance - General obligation bonds, reporting requirements Bonds, Public - General obligation bonds, reporting requirements Reports Mandated - General obligation bonds, reports to statutory and interim joint committees Fiscal Note - General obligation bonds, reporting requirements |
Jump to Proposed Amendments |
Senate Committee Substitute 1 Senate Committee Amendment 1 Conference Committee Report 1 Free Conference Committee Report 1 |
Votes | Vote History |
02/18/25 |
|
---|---|
02/20/25 |
|
02/25/25 |
|
02/26/25 |
|
02/27/25 |
|
02/28/25 |
|
03/04/25 |
|
03/05/25 |
|
03/06/25 |
|
03/12/25 |
|
03/13/25 |
|
03/27/25 |
|
03/28/25 |
|
Amendment | Senate Committee Substitute 1 |
---|---|
Summary | Retain original provisions; amend 2024 Ky. Acts ch. 173, sec. 1 and the State/Executive Branch biennial budget to revise and provide funding for various programs and projects and establish conditions for state government agencies, institutions, and programs receiving funding; APPROPRIATION; EMERGENCY. |
Index Headings |
Education, Finance - General obligation bonds, reporting requirements Effective Dates, Emergency - Appropriations, state government agencies, institutions, and programs State Agencies - Appropriations, state government agencies, institutions, and programs Appropriations - Appropriations, state government agencies, institutions, and programs Bonds, Public - General obligation bonds, reporting requirements Budget and Financial Administration - Appropriations, state government agencies, institutions, and programs Capital Construction - Western Kentucky University, capital project reauthorization Reports Mandated - General obligation bonds, reports to statutory and interim joint committees Fiscal Note - Appropriations, state government agencies, institutions, and programs |
Amendment | Senate Committee Amendment 1 |
---|---|
Sponsor | C. McDaniel |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 606/GA |
Amendment | Conference Committee Report 1 |
---|---|
Summary | Cannot agree. |
Index Headings | Conference Committee Reports - HB 606 |
Amendment | Free Conference Committee Report 1 |
---|---|
Summary | Delete original provisions; create a new section of KRS Chapter 65 to define terms; allow two or more local governments to enter into an interlocal agreement to develop real estate as part of a regional economic development project; establish requirements for a regional economic development project; allow the territory used in the regional economic development project to be organized into a taxing district; establish requirements for the taxing district; allow the district to levy a special ad valorem tax; establish requirements for the 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; require the establishment of a board to manage the affairs of the taxing district; require reporting by the board overseeing the taxing district and the Department for Local Government; amend 2025 RS HB 775/EN to include public property owned, operated, or controlled by the Commonwealth in the definition of "venue" for purposes of a sales tax incentive; amend title. |
Index Headings |
Economic Development - Regional economic development projects, taxing district establishment Economic Development - Sales tax incentive, qualifying attraction, venue, definition Interlocal Cooperation - Regional economic development projects, taxing district establishment Local Government - Regional economic development projects, taxing district establishment Property - Regional industrial taxing districts, economic development projects Public Buildings and Grounds - Venue, qualifying attraction, sales tax incentive, definition State Agencies - Department for Local Government, regional economic development projects, reporting requirement Taxation - Occupational license fees, special ad valorem taxes, regional economic development projects Taxation - Sales tax, venue, qualifying attraction, tax incentive, definition Taxation, Property - Regional economic development projects, taxing district establishment Taxation, Sales and Use - Venue, qualifying attraction, tax incentive, definition Title Amendments - HB 606 Cities - Regional economic development projects, taxing district establishment Conference Committee Reports - HB 606 Contracts - Regional economic development projects, interlocal agreement, requirements Counties - Occupational license fees, special ad valorem taxes, regional economic development projects Reports Mandated - Regional economic development projects |
Last updated: 4/1/2025 2:25 PM (EDT)