12RS HB527

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HB 527 (BR 1900) - W. Stone, J. Tilley, J. Bell, R. Bunch, J. Carney, W. Coursey, J. DeCesare, M. Dossett, M. Henley, J. Hoover, B. Housman, M. King, F. Nesler, J. Richards, B. Rowland, S. Rudy, T. Thompson

AN ACT relating to TVA in-lieu-of-tax payments.
Amend KRS 96.895 to provide that, beginning in fiscal year 2014-2015, fifty percent (50%) of the Tennessee Valley Authority in-lieu-of-tax payments made to the Commonwealth and retained in the general fund will be allocated to designated local and regional economic or industrial development agencies for economic development and job creation activities.

Feb 29-introduced in House
Mar 1-to Appropriations & Revenue (H)

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