KY SB39 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 4 2023 - 25% progression, died in committee
Action: 2023-01-05 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 4 2023 - 25% progression, died in committee
Action: 2023-01-05 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 154.30-010 for tax increment financing projects to include a calculation for modified new revenues for income tax which will account for future tax rate decreases;provide that this calculation is for state tax revenues received from individual income taxes on or after January 1, 2023, and is for projects approved prior to January 1, 2023.
Title
AN ACT relating to tax increment financing.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-05 | Senate | to Appropriations & Revenue (S) |
| 2023-01-04 | Senate | to Committee on Committees (S) |
| 2023-01-04 | Senate | introduced in Senate |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/23RS/sb39.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/23RS/sb39/orig_bill.pdf |
