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SB227

10RS

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


SB 227 (BR 1966) - B. Smith

     AN ACT relating to philanthropy.
     Create new sections of KRS Chapter 147A to declare the title of the Act as the Endow Kentucky program; declare legislative purposes; define terms; establish the community endowment fund in the State Treasury; allow the Governor's Office for Local Development to establish grant programs related to the promotion of community foundations from out of the fund; provide for the certification of community foundations needed in order to receive grants from the fund; establish the Endow Kentucky Commission; create a new section of KRS Chapter 141 to establish the Endow Kentucky tax credit; amend KRS 141.0205 to provide for the ordering of tax credits.

SB 227 - AMENDMENTS


     SFA (1, B. Leeper) - Remove the tax credit allowed to a contributor to a charitable foundation.

     SFA (2, B. Smith) - Require initial appointments to be made by a certain date; reduce annual cap on the Endow Kentucky tax credit from $5 million to $1 million; provide that credit applies to tax years beginning on or after January 1, 2011.

     Mar 4-introduced in Senate
     Mar 8-to Appropriations & Revenue (S)
     Mar 11-taken from committee; 1st reading; returned to Appropriations & Revenue (S)
     Mar 16-floor amendment (1) filed ; reported favorably, 2nd reading, to Rules
     Mar 17-posted for passage in the Regular Orders of the Day for Thursday, March 18, 2010; floor amendment (2) filed
     Mar 18-3rd reading; floor amendment (2) withdrawn ; passed 37-0 with floor amendment (1)
     Mar 19-received in House
     Mar 22-to Local Government (H)
     Mar 23-posting waived
     Mar 24-reported favorably, 1st reading, to Calendar
     Mar 25-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, March 26, 2010
     Mar 26-3rd reading, passed 94-0; received in Senate; enrolled, signed by each presiding officer; delivered to Governor
     Apr 7-signed by Governor (Acts ch. 71)

Vote History
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