Kentucky House Bill 457 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2017 - 25% progression, died in committee
Action: 2017-02-21 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 154.32-010 to define terms; amend KRS 154.32-020 to allow an approved company engaged in the development of infrastructure, including the erection of buildings, necessary to facilitate the location of manufacturing, agribusiness, nonretail service and technology, or national or regional headquarters operation in this state to qualify for tax credits against KRS 141.020, 141.040, and 141.0401; sunset tax credit program; amend KRS 154.32-070 to outline credit provisions; amend KRS 154.32-100 to require reporting to the Legislative Research Commission; create a new section of KRS Chapter 141 to provide credit for infrastructure activity; amend KRS 141.0205 to provide order in which credits may be taken; amend KRS 131.190 to allow Department of Revenue to report data; amend various statutes to conform.

AN ACT relating to tax incentives offered through the Kentucky Business Investment Program.

Rep. Jim DeCesare [R]

Date	Chamber	Action
2017-02-21	House	to Appropriations & Revenue (H)
2017-02-17	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB457.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB457/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB457/FN.pdf