KY HB45 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2023 - 25% progression, died in committee
Action: 2023-02-23 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Create new sections of KRS Chapter 7A to establish the Tax Expenditure and Economic Development Incentive Review Board and specify the board's membership, authority, powers and duties; establish requirements for board meetings; establish requirements for when the General Assembly enacts new tax expenditures or economic development incentives; require agencies to assign taxpayers a unique number for purposes of reporting tax expenditures and economic development incentives; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure and economic development incentive from the general fund and road fund; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the Tax Expenditure and Economic Development Incentive Review Board; amend KRS 131.190 to allow the Department of Revenue to provide confidential data to the Tax Expenditure and Economic Development Incentive Review Board.

Tracking Information

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Title

AN ACT relating to economic fiscal matters.

Sponsors


History

DateChamberAction
2023-02-23Houseto Appropriations & Revenue (H)
2023-01-03Houseto Committee on Committees (H)
2023-01-03Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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