Kentucky House Bill 61 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 42.450 to increase the amount of minerals severance and processing taxes distributed to local governments through the local government economic assistance fund (LGEAF) to 100% of taxes collected, from the current 50%, over a five-year period; amend KRS 42.4582 and 42.4585 to similarly increase the amount of coal severance and processing taxes distributed to local governments through the local government economic development fund and LGEAF to 60% and 40% of taxes collected, from the current 35% and 15%, respectively, over the same five-year period.

AN ACT relating to the allocation of severance tax revenues to local governments.

Rep. Jim Gooch [R]

Rep. John Blanton [R]

Sen. Matt Castlen [R]

Rep. Mark Hart [R]

Date	Chamber	Action
2017-01-03	House	to Appropriations & Revenue (H)
2017-01-03	House	introduced in House
2016-10-25	House	Prefiled by the sponsor(s).

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB61.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB61/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB61/FN.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB61/LM.pdf