Kentucky House Bill 243

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-07 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Create new sections of KRS Chapter 7A to establish the Financial Incentive Review Committee; define terms; specify committee membership, authority, powers and duties; establish requirements for meetings; establish requirements for how the General Assembly shall enact new financial incentives; require agencies to assign a unique identification number for purposes of reporting financial incentives; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure from the general fund and road fund; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the committee; amend KRS 131.190 to allow the Department of Revenue to provide confidential data to the committee; amend KRS 148.522 to require the Tourism, Arts and Heritage Cabinet to collect, report, and provide data to the committee; amend KRS 154.12-210 to require the Cabinet for Economic Development to collect, report, coordinate, and provide data to the committee; amend KRS 246.030 to require the Department of Agriculture to collect, report, coordinate, and provide data to the committee.

AN ACT relating to review of financial incentives.

Rep. Ken Fleming [R]

Rep. James Tipton [R]

Date	Chamber	Action
2025-02-07	House	to Appropriations & Revenue (H)
2025-02-04	House	to Committee on Committees (H)
2025-02-04	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/25RS/hb243.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb243/orig_bill.pdf