SB 47 (BR 354) - R. Sanders Jr, W. Blevins, V. Moore, R. Roeding
AN ACT relating to economic development.
Amend KRS 154.20-170 to include businesses that compose the secondary wood products industry as defined in KRS 154.47-005(10).
SB 47 - AMENDMENTS
HCS (1) - Create new sections of KRS Chapter 65 to allow cities and counties to impose a job development assessment fee on employees working in a development area; to allow an approved company to receive KREDA inducements, subject to a financing agreement; to clarify that the employer cannot reject an assessment levied against its employees; and to allow 2 or more qualified counties under KREDA to designate a qualified development area; to amend KRS 65.680 to include under definitions certain KREDA terms and to add definitions of "qualified county" and "qualified development area;" to amend KRS 65.684 to allow cities and counties to impose a job development assessment fee for carrying out the purposes of KRS 65.680 to 65.699; to amend KRS 65.686 to allow a city and county to adopt an ordinance levying a job assessment fee; and to amend KRS 141.310 to conform.
HCS (2) - Adopt HCS1 and delete language allowing companies to receive inducements and allowing employees to take income tax credits under KREDA; delete language allowing assessments of employees in a qualified development area; delete Section 5, which outlined how a qualified development area must be created; delete definitions that referenced KREDA.
HFA (1, R. Wilkey) - Retain provisions of Sections 1, 2, 7, 8, and 9; delete language in Section 3 allowing companies to receive inducements and employees to take income tax credits under KREDA, as provided in KRS 154.22-010 to 154.22-080; delete language in Section 4 allowing assessments of employees in a qualified development area; delete Section 5, which outlined how a qualified development area must be created, in its entirety; delete definitions in Section 6 that referenced KREDA, including the definitions of approved company, authority, and eligible company, and delete definitions of qualified county and qualified development area.
HFA (2, R. Wilkey) - Amend to provide that the job assessment fee applies only to newly created jobs for economic development projects begun on or after January 1, 2002; provide that the development area shall be a previously undevelopment tract of land an no more than 500 may be approved in any 12 month period; provide that developments be limited to manufacturing or technical developments approved by the Commissioner of the New Economy; provide that development be evaluated by the Kentucky Economic Development Finance Authority in consultation with the Governor's Office of Economic Analysis and that the total assessment for each company locating within the development area be subject to approval of the Office of State Budget Director, the Finance and Administration Cabinet, and the Revenue Cabinet.
HFA (3/P, J. Turner) - Amend 2000 Kentucky Acts Chapter 549 to clarify the description of community development projects 308 and 309; amend 2000 Kentucky Acts Chapter 549 to provide funding for coal severance tax projects in Harlan County; provide that the 1998 appropriation to Kingdom Come Economic Industrial Development Authority in 1998 House Bill 321 may be used for the purchase of equipment; provide that the provisions of Section 9 and 10 of this Act shall supersede and prevail over any conflicting provision of the 2000-2002 State/Executive Budget Memorandum.
HFA (4/Title, J. Turner) - Make title amendment.
HFA (5/Title, P. Childers) - Make title amendment.
HFA (6, P. Childers) - Amend to authorize and appropriate $750,000 in fiscal year 2001-2002 for the revitalization of the Knott Co. jail from the Local Government Economic Development Fund money form the respective single county account.
Jan 5-introduced in Senate; to Economic Development, Tourism & Labor (S)
Feb 7-reported favorably, 1st reading, to Calendar
Feb 8-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 9, 2001
Feb 9-3rd reading, passed 36-0
Feb 12-received in House
Feb 13-to Economic Development (H)
Feb 23-posted in committee
Feb 28-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 1-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute
Mar 5-recommitted to Appropriations and Revenue (H)
Mar 6-reported favorably, to Rules with original Committee Substitute (1) and Committee Substitute (2) ; posting waived retroactively; posted for passage in the Regular Orders of the Day for Wednesday, March 7, 2001
Mar 7-floor amendment (2) filed to Committee Substitute (2)
Mar 8-floor amendments (3) and (6) filed to Committee Substitute (2) , floor amendments (4-title) and (5-title) filed; 3rd reading, passed 96-1 with Committee Substitute (2), floor amendment (2) ; received in Senate; posted for passage for concurrence in House Committee Substitute (2), floor amendment (2) ; Senate concurred in House Committee Substitute (2), floor amendment (2) ; passed 29-0
Mar 9-enrolled, signed by each presiding officer, delivered to Governor
Mar 20-signed by Governor (Acts ch. 133)