HB 462 (BR 432) - A. Simpson, T. Kerr, A. Koenig, R. Palumbo, S. Santoro, T. Thompson
AN ACT relating to the Kentucky Reinvestment Act.
Amend various sections of KRS Chapter 154, Subchapter 34, to expand the provisions of the Kentucky Reinvestment Act to include non-retail service or technology reinvestment projects and headquarters reinvestment projects that have a least 200 full-time employees, agree to maintain at least 85 percent of the number of full-time employees employed at the facility on the date the company receives preliminary approval, and make at least a $2.5 million capital investment in the Commonwealth; cap the amount of tax credits committed in each fiscal year by the authority for all headquarters reinvestment projects and service or technology reinvestment projects at $7 million; amend KRS 141.415 to conform.
Feb 11-introduced in House
Feb 14-to Economic Development (H)
Feb 15-posted in committee
Feb 17-reported favorably, 1st reading, to Consent Calendar
Feb 18-2nd reading, to Rules
Feb 22-recommitted to Appropriations & Revenue (H)