98RS HB280


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HB 280/FN (BR 1425) - R. Adkins, R. Palumbo

     AN ACT relating to skills training investment credits for workforce training.
     Create new sections of KRS Chapter 154 to define terms; allow the Bluegrass State Skills Corporation to award credits against Kentucky individual and corporate income tax, not to exceed $500 per employee and $100,000 per approved company per biennium for occupational and skills upgrade training; cite as the Skills Training Investment Act; create a new section of KRS Chapter 141 to define terms; determine the income tax credit allowed an approved company; amend KRS 141.0205 to include certain credits in the order of allowable tax credits.


     SCS/FN - Retain the original provisions and provide that tax credit approved shall not exceed $1,000,000 for fiscal year 1998-1999 and 1999-2000, and $2,500,000 for each fiscal year thereafter.

     Jan 14-introduced in House
     Jan 15-to Economic Development (H); reassigned to Appropriations and Revenue (H)
     Feb 6-posted in committee
     Feb 10-reported favorably, 1st reading, to Calendar
     Feb 11-2nd reading, to Rules
     Feb 19-posted for passage in the Regular Orders of the Day for February 20, 1998
     Feb 20-3rd reading, passed 91-0
     Feb 23-received in Senate
     Feb 24-to Appropriations and Revenue (S)
     Mar 19-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 20-2nd reading, to Rules
     Mar 23-posted for passage in the Consent Orders of the Day for March 25, 1998
     Mar 25-3rd reading, passed 37-0 with Committee Substitute
     Mar 26-received in House; posted for passage for concurrence in Senate amendment
     Mar 31-House concurred in Senate Committee Substitute; passed 97-0
     Apr 1-enrolled, signed by each presiding officer, delivered to Governor
     Apr 10-signed by Governor

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