Kentucky House Bill 462 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-02-22 - recommitted to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Amend various sections of KRS Chapter 154, Subchapter 34, to expand the provisions of the Kentucky Reinvestment Act to include non-retail service or technology reinvestment projects and headquarters reinvestment projects that have a least 200 full-time employees, agree to maintain at least 85 percent of the number of full-time employees employed at the facility on the date the company receives preliminary approval, and make at least a $2.5 million capital investment in the Commonwealth; cap the amount of tax credits committed in each fiscal year by the authority for all headquarters reinvestment projects and service or technology reinvestment projects at $7 million; amend KRS 141.415 to conform.

AN ACT relating to the Kentucky Reinvestment Act.

Rep. Thomas Kerr [R]	Rep. Adam Koenig [R]	Rep. Ruth Palumbo [D]	Rep. Sal Santoro [R]
Rep. Arnold Simpson [D]	Rep. Thomas Thompson [D]

Date	Chamber	Action
2011-02-22		recommitted to Appropriations & Revenue (H)
2011-02-18		2nd reading, to Rules
2011-02-17		reported favorably, 1st reading, to Consent Calendar
2011-02-15		posted in committee
2011-02-14		to Economic Development (H)
2011-02-11		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/HB462.htm
Text	http://www.lrc.ky.gov/record/11RS/HB462/bill.doc