HB 442 (BR 844) - D. Horlander, T. Kerr, C. Miller, S. Santoro
AN ACT relating to economic development incentives for airports.
Create a new section of KRS Chapter 139 to provide for the transfer of 50 percent of the sales tax revenues collected by airport vendors to the airport where the taxes were collected; provide that the transferred funds shall be used by the airport to support projects to improve or enhance customer services, airport services, infrastructure, or any combination thereof on airport property; provide for annual reporting by the Department of Revenue and each airport; require that all amounts distributed to an airport be deposited in a separate account.
Feb 22-introduced in House
Feb 23-to Appropriations & Revenue (H)