Kentucky House Bill 274 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 19 2016 - 25% progression, died in chamber
Action: 2016-01-20 - to Appropriations & Revenue (H)
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 154.32-020, relating to the Kentucky Business Investment (KBI) economic development incentive program, to allow a new, additional sales and use tax incentive to be awarded to approved companies undertaking economic development projects in certain enhanced incentive counties; create a new section of Subchapter 32 of KRS Chapter 154 to establish the parameters of the sales and use tax refund incentive; amend KRS 154.32-040 to conform; create a new section of KRS Chapter 139 to establish the procedure for an approved company to apply to the Department of Revenue for payment of a refund; declare the short title of the Act to be the Rural Communities Economic Advancement and Job Creation Act of 2016; provide that the Act shall apply to economic development projects undertaken by companies receiving preliminary approval on or after the effective date of the Act.

AN ACT relating to sales and use tax incentives.

Rep. Mitchel Denham [D]

Date	Chamber	Action
2016-01-20	House	to Appropriations & Revenue (H)
2016-01-19	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/16RS/HB274.htm
Text	http://www.lrc.ky.gov/record/16RS/HB274/bill.pdf