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HB 260 (BR 1122) - R. Palumbo, G. Stumbo, R. Adkins, R. Damron, D. Keene, A. Simpson, T. Thompson, S. Westrom

     AN ACT relating to tax increment financing.
     Amend KRS 154.30-050 to allow the Kentucky Economic Development Finance Authority to reduce the minimum capital investment required on certain signature TIF projects with an existing agreement from $200 million to $150 million.


     HFA (1, R. Palumbo) - Delete original new language and replace it with language that allows the minimum capital investment for signature projects to be reduced from $200 million to $150 million in limited cases; require that the reduction be subject to a corresponding adjustment of the maximum incremental revenue available for recovery.

     Feb 6-introduced in House
     Feb 7-to Economic Development (H)
     Feb 11-posted in committee
     Feb 14-reported favorably, 1st reading, to Calendar
     Feb 15-2nd reading, to Rules; floor amendment (1) filed
     Feb 19-posted for passage in the Regular Orders of the Day for Wednesday, February 20, 2013
     Feb 21-3rd reading, passed 98-0 with floor amendment (1)
     Feb 22-received in Senate
     Feb 26-to Appropriations & Revenue (S)
     Mar 4-taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
     Mar 5-taken from Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)
     Mar 7-reported favorably, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 7, 2013; 3rd reading, passed 37-0
     Mar 11-received in House; enrolled, signed by each presiding officer; delivered to Governor
     Mar 19-signed by Governor (Acts Chapter 36)

Vote History
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