Kentucky House Bill 557 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 26 2018 - 100% progression
Action: 2018-04-26 - signed by Governor (Acts, ch. 199)
Text: Latest bill text (Draft #2) [PDF]

Amend KRS 56.440 to define "headquarters," "nonretail service and technology project," and "nonretail service and technology entity"; amend KRS 56.510, relating to state lands and buildings to expand eligible projects from industrial projects to include headquarters and nonretail service and technology projects; include eligibility requirements to create a new section of KRS Chapter 141 to define how skills training credits may be applied to income tax obligations; amend KRS 144.0205 to conform; amend KRS 148.546 and 148.8591 to allow online reporting from Tourism, Arts and Heritage to the LRC in lieu of a physical report; amend KRS 154.10-050 to remove requirement that cabinet secretary create and submit an annual strategic plan for economic development; create a new section of KRS 154.12-2084 to 154.12-2089 to sunset current investment credits; amend KRS 154.12-100 to change reporting requirements and include posting of annual report required by KRS 154.12-2035; amend KRS 154.12-204 to include new definitions relating to the skills training investment credit; amend KRS 154.12-205 to substitute the phrase "qualified company" for "business and industry"; amend KRS 154.12-206 to substitute the phrase "approved companies" for "business and industry"; amend KRS 154.12-207 to provide additional details about skills training investment and grant-in-aid credit qualifications; amend KRS 154.12-208 to allow the Bluegrass State Skills Corporation to submit annual report on the cabinet's Web page instead of via paper to LRC; amend KRS 154.12-278 to allow reporting obligations of Kentucky Innovation Act on the cabinet Web page instead of paper copy to the Governor and LRC; amend KRS 154.12-310 to remove satellite offices and specify the number of affiliate centers; amend KRS 154.12-2035 to allow posting of annual report to the cabinet's Web page instead of a physical copy to the Governor and LRC; rename the small business investment credit as the Kentucky small business tax credit; amend KRS 154.20-150 to allow annual reporting by Web page instead of by physical copy to the Governor and LRC; amend KRS 154.20-170 to remove reference to targeted industrial sector; amend KRS 154.20-230 to change definition of "qualified activity"; amend KRS 154.20-234 to change elements of qualified investment and authorize promulgation of administrative regulations; amend KRS 154.20-238 to increase allowable time for investment; amend KRS 154.27-050 to allow posting of annual report to the cabinet Web site instead of submitting it to the Governor and LRC; amend KRS 154.30-010 to change investment criteria and refine definitions; create a new section of Subchapter 27 of KRS Chapter 154 to sunset incentives allowed by KRS 154.27-010 to KRS 154.27-100; amend KRS 154.30-070 to alter requirements of tax incentive agreement; amend KRS 154.30-080 to allow cancellation of tax incentive agreements and add definitions; amend KRS 154.31-030 to allow annual reporting by post to the cabinet Web page; amend KRS 154.32-010 to include new definitions; amend KRS 154.32-020 to expand the list of companies eligible for incentives; amend KRS 154.60-010 and KRS 154.60-020 to replace term "Division of Small Business" with "Office of Entrepreneurship"; amend KRS 154.60-020 to extend time period for credit-related activity; repeal KRS 141.430 relating to income tax credit calculations; repeal KRS 154.10-100 relating to information transfer network; repeal KRS 154.10-120 relating to preparation of the strategic plan for economic development; repeal KRS 154.10-125 relating to content of the strategic economic development plan; repeal KRS 154.10-140 relating to performance benchmarks; repeal KRS 154.30-052 relating to signature project loan program requirements; repeal KRS 154.48-010 containing definitions for KRS 154.48-010 to 154.48-035; repeal KRS 154.48-015 expressing the findings of the General Assembly; repeal KRS154.48-020 relating to administrative regulations and open meetings; repeal KRS 154.48-025 to 154.48-030, and 154.48.035 establishing the Kentucky Environmental Stewardship Act; repeal KRS 224.01-020 relating to the funding for cleaning agricultural warehousing sites.

AN ACT relating to economic development.

Rep. Jason Petrie [R]

2018-04-14 - Senate - Senate: Third Reading RSN# 763 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2018-03-20 - House - House: Third Reading RCS# 368 (Y: 58 N: 38 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2018-04-26	House	signed by Governor (Acts, ch. 199)
2018-04-14	House	delivered to Governor
2018-04-14	House	enrolled, signed by President of the Senate
2018-04-14	House	enrolled, signed by Speaker of the House
2018-04-14	House	received in House
2018-04-14	Senate	floor amendment (1) and (2-title) filed
2018-04-14	Senate	3rd reading, passed 38-0
2018-04-13	Senate	posted for passage in the Consent Orders of the Day for Saturday, April 14, 2018
2018-03-29	Senate	2nd reading, to Rules
2018-03-27	Senate	reported favorably, 1st reading, to Consent Calendar
2018-03-22	Senate	to Economic Development, Tourism, and Labor (S)
2018-03-21	Senate	received in Senate
2018-03-20	House	3rd reading, passed 58-38
2018-03-13	House	posted for passage in the Regular Orders of the Day for Wednesday, March 14, 2018
2018-03-09	House	2nd reading, to Rules
2018-03-08	House	reported favorably, 1st reading, to Calendar
2018-03-05	House	posted in committee
2018-03-01	House	to Economic Development & Workforce Investment (H)
2018-02-27	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB557.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB557/bill.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB557/SFA1.pdf
Amendment	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB557/SFA2.pdf
Roll Call	http://www.lrc.ky.gov/record/18RS/HB557/vote_history.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB557/FN.pdf