Kentucky House Bill 45 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-06 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #2) [MS Word]

Amend KRS 96.895 to provide that, beginning in fiscal year 2016-2017, a portion of the Tennessee Valley Authority (TVA) in-lieu-of-tax payment made to the Commonwealth and deposited into the general fund shall be transferred to the regional development agency assistance fund to be distributed among fiscal court-designated local industrial development authorities for economic development and job creation activities; provide that the transfers will not affect the portion of the total TVA payment that is currently distributed among local government entities; provide that these transfers will be phased-in over a five-year period, with an amount equal to 50 percent of the general fund portion of the total TVA annual payment being transferred in fiscal year 2020-2021, and each fiscal year thereafter, not to exceed $6,000,000 each year; APPROPRIATION.

AN ACT relating to TVA in-lieu-of-tax payments and making an appropriation therefor.

Rep. Wilson Stone [D]	Rep. Bart Rowland [R]	Rep. Kenny Imes [R]	Rep. Martha King [D]
Rep. Jody Richards [D]

Date	Chamber	Action
2015-01-06	House	to Appropriations & Revenue (H)
2015-01-06	House	introduced in House
2015-11-12	House	To: Interim Joint Committee on Appropriations and Revenue

Type	Source
Summary	http://www.lrc.ky.gov/record/15RS/HB45.htm
Text	http://www.lrc.ky.gov/record/15RS/HB45/bill.doc