KY SB249 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 146)
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 146)
Text: Latest bill text (Chaptered) [PDF]
Summary
Amend KRS 154.20-258 to allow a tax credit of up to 40 percent if the contribution is made to an investment fund approved by the authority prior to January 1, 2023, and 25 percent if the contribution is made to an investment fund approved by the authority on or after January 1, 2023; amend KRS 65.7047 to add that if the city or county pledges occupational license taxes or fees as part of the local tax revenue to support local development areas, it may contract for the services of a qualified independent outside consultant or financial adviser, making this optional and setting forth requirements; amend KRS 65.7049 to add that if the city or county intends to apply for the Signature Projects Program under KRS 154.30-050 or the mixed-use redevelopment program under KRS 154.30-060, the city or county shall engage the services of a qualified independent outside consultant or financial adviser, specifying the reporting requirements of the financial adviser; amend KRS 65.7053 to include that an ordinance establishing the development area must also include the estimated fiscal impact arrived at by the financial adviser under their reporting requirements addressed in KRS 65.7049; amend KRS 154.20-410 to end the Kentucky alternative fuel and renewable energy fund and deeming any balances be transferred to the Kentucky enterprise fund established in KRS 164.6019; amend KRS 164.6019 to conform with this transfer; repeal KRS 154.20-405; EMERGENCY.
Title
AN ACT relating to incentive programs and declaring an emergency.
Sponsors
Roll Calls
2022-03-30 - Senate - Senate: Third Reading RSN# 2333 (Y: 35 N: 0 NV: 0 Abs: 3) [PASS]
2022-03-30 - House - House: Veto Override RCS# 499 (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-03-18 - Senate - Senate: Third Reading RSN# 2154 (Y: 30 N: 0 NV: 0 Abs: 8) [PASS]
2022-03-30 - House - House: Veto Override RCS# 499 (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2022-03-18 - Senate - Senate: Third Reading RSN# 2154 (Y: 30 N: 0 NV: 0 Abs: 8) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-04-08 | Senate | signed by Governor (Acts Ch. 146) |
| 2022-03-30 | Senate | delivered to Governor |
| 2022-03-30 | Senate | enrolled, signed by Speaker of the House |
| 2022-03-30 | Senate | enrolled, signed by President of the Senate |
| 2022-03-30 | Senate | passed 35-0 |
| 2022-03-30 | Senate | Senate concurred in House Committee Substitute (1) |
| 2022-03-30 | Senate | posted for passage for concurrence in House Committee Substitute (1) |
| 2022-03-30 | Senate | to Rules (S) |
| 2022-03-30 | Senate | received in Senate |
| 2022-03-30 | House | 3rd reading, passed 98-0 with Committee Substitute (1) |
| 2022-03-30 | House | posted for passage in the Consent Orders of the Day for Wednesday, March 30, 2022 |
| 2022-03-29 | House | reported favorably, 2nd reading, to Rules with Committee Substitute (1) |
| 2022-03-23 | House | to Appropriations & Revenue (H) |
| 2022-03-23 | House | returned to Committee on Committees (H) |
| 2022-03-23 | House | 1st reading |
| 2022-03-23 | House | taken from Committee on Committees (H) |
| 2022-03-18 | House | to Committee on Committees (H) |
| 2022-03-18 | House | received in House |
| 2022-03-18 | Senate | 3rd reading, passed 30-0 |
| 2022-03-17 | Senate | posted for passage in the Regular Orders of the Day for Friday, March 18, 2022 |
| 2022-03-17 | Senate | 2nd reading, to Rules |
| 2022-03-16 | Senate | reported favorably, 1st reading, to Calendar |
| 2022-03-01 | Senate | to Appropriations & Revenue (S) |
| 2022-02-28 | Senate | to Committee on Committees (S) |
| 2022-02-28 | Senate | introduced in Senate |
