Kentucky House Bill 2 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on June 4 2010 - 100% progression
Action: 2010-06-04 - signed by Governor (Acts Chapter 2)
Text: Latest bill text (Draft #1) [MS Word]

Provide revenue measures for the Executive Branch Budget, including: amend KRS 45.777 to credit proceeds from sale of surplus property to the general fund; amend KRS 138.4602 to make technical corrections and extend the period within which the trade-in allowance applies to June 30, 2011; amend KRS 141.010 to modify the calculation of the domestic production activities deduction for income tax purposes; amend KRS 141.206 and create a new section of KRS Chapter 141 to require every pass-through entity to make a declaration and payment of estimated tax for its partners, members, or shareholders in certain situations; amend KRS 141.388 to extend the time for purchases of new homes to December 31, 2010, modify the new home tax credit cap, and make technical corrections related to changes made for federal income tax purposes; amend KRS 148.546 to cap the film tax credit at $5 million for fiscal year 2010-2011 and $7.5 million for fiscal year 2011-2012; amend KRS 154.34-120 to require companies receiving preliminary approval on or after February 1, 2010, to limit the amount of tax credit taken to the lesser of the tax liability related to the reinvestment project or 20% of the total amount of the approved costs; create a new section of KRS Chapter 246 to allow the Department of Agriculture to promulgate administrative regulations establishing fees for the operation of the metrology lab; amend KRS 278.5499 to allow not more than two cents per access line per month be designated to fund the Telecommunications Access Program; provide, in noncodified sections to continue the new tire fee collection until June 30, 2012, to fund the waste tire program authorized by KRS Chapter 224; allow a one-half of one percent fee be paid to the Kentucky Infrastructure Authority for the administration of certain projects; allow certain abandoned property to be sold as determined by the secretary of the Finance and Administration Cabinet; credit premium taxes and retaliatory taxes to the general fund; allow an exemption to the license fee or tax imposed under KRS 91A.080 for premiums paid to insurance companies by nonprofit self-insurance groups whose membership consists of cities, counties, charter county governments, urban-county governments, consolidated local governments, school districts, or any other political subdivisions of the Commonwealth until June 30, 2012; allow a company approved for the environmental stewardship act tax credit to determine the credit during state fiscal year 2011-2012 only by including a multiplier of 50%; allow an expedited protest resolution process for any tax assessment that, as of January 19, 2010, has been protested, not been the subject of a final ruling, and not the subject of certain enforced collections to be considered paid in full if the taxpayer pays the entire amount of tax on or after the effective date of this Act and before July 31, 2010; EMERGENCY.

AN ACT relating to fiscal matters and declaring an emergency.

Rep. Rick Rand [D]

Date	Chamber	Action
2010-06-04		signed by Governor (Acts Chapter 2)
2010-05-29		delivered to Governor
2010-05-29		enrolled, signed by President of the Senate
2010-05-29		received in Senate
2010-05-29		enrolled, signed by Speaker of the House
2010-05-28		received in House
2010-05-28		Bill passed 35-0
2010-05-28		Senate receded from committee amendment (4)
2010-05-28		posted for passage for receding from Senate committee amendment (4)
2010-05-28		to Rules (S)
2010-05-28		received in Senate
2010-05-28		Bill passed 93-0
2010-05-28		House refused to concur in Senate committee amendment (4)
2010-05-28		House concurred in Senate committee amendments (1) (2) (3) (5) and (6)
2010-05-28		posted for passage for concurrence in Senate committee amendments (1) (2) (3) (4) (5) and (6)
2010-05-28		to Rules (H)
2010-05-28		received in House
2010-05-28		passed 37-0 with committee amendments (1) (2) (3) (4) (5) and (6)
2010-05-28		floor amendment (1) withdrawn
2010-05-28		3rd reading
2010-05-28		posted for passage in the Regular Orders of the Day for Friday, May 28, 2010
2010-05-28		reported favorably, to Rules with committee amendment (6)
2010-05-28		recommitted to Appropriations & Revenue (S)
2010-05-27		floor amendment (1) filed
2010-05-27		reported favorably, 2nd reading, to Rules with committee amendments (1) (2) (3) (4) and (5)
2010-05-26		to Appropriations & Revenue (S)
2010-05-26		1st reading
2010-05-26		taken from Committee on Committees (S)
2010-05-26		received in Senate
2010-05-26		3rd reading, passed 95-0
2010-05-25		placed in the Orders of the Day for Wednesday, May 26, 2010
2010-05-25		reported favorably, 2nd reading, to Rules
2010-05-24		posting waived
2010-05-24		returned to Appropriations & Revenue (H)
2010-05-24		1st reading
2010-05-24		taken from Appropriations & Revenue (H)
2010-05-24		to Appropriations & Revenue (H)
2010-05-24		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/10SS/HB2.htm
Text	http://www.lrc.ky.gov/record/10SS/HB2/bill.doc