KY HB266 | 2016 | Regular Session

Status

Spectrum: Slight Partisan Bill (Democrat 18-8)
Status: Introduced on January 15 2016 - 25% progression, died in chamber
Action: 2016-01-19 - to Appropriations & Revenue (H)
Text: Latest bill text (Draft #3) [PDF]

Summary

Amend KRS 42.4582 to increase the amount that is transferred to the local government economic development fund from the general fund from 50% to 70%; amend KRS 42.4585 to increase the amount transferred from the transfer from the local government economic development fund to the local government economic assistance fund from 15% of the severance and processing taxes collected annually to the greater of 35% or $40 million; amend KRS 42.455 to change the allocation of funds within the local government economic assistance fund to hold the amount allocated to the haul road system steady, while increasing the amount that may be used for grants; provide that the Act shall be effective July 1, 2016; amend KRS 42.470 to conform; EMERGENCY.

Tracking Information

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Title

AN ACT relating to coal severance tax distributions, making an appropriation therefor, and declaring an emergency.

Sponsors


History

DateChamberAction
2016-01-19Houseto Appropriations & Revenue (H)
2016-01-15Houseintroduced in House

Kentucky State Sources


Bill Comments

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