SB 248 (BR 2190) - C. Borders, R. Roeding
AN ACT relating to economic development.
Amend various sections of subchapter 26 of KRS Chapter 154 to increase the percentage of approved costs that the company may recover, to be negotiated by the authority and not to exceed 75%; remove the employee contribution portion of the wage assessment, and limit total assessment to 5%; allow the authority to negotiate the license tax credit up to 100% of the computed license tax attributable to the location of the project; create a new section of subchapter 26 of KRS Chapter 154 to give preliminarily approved companies the option to operate under existing terms or request that the agreement be amended to comply with amendments to the program; give companies under a final agreement the option to operate under existing terms or request that the agreement be amended to comply with the amendments to the employee assessment portion of the agreement; amend KRS 136.0704 and 141.310 to conform.
Feb 27-introduced in Senate
Mar 1-to Economic Development, Tourism & Labor (S)
Mar 2-reported favorably, 1st reading, to Consent Calendar
Mar 3-2nd reading, to Rules
Mar 4-posted for passage in the Consent Orders of the Day for Tuesday, March 9, 2004
Mar 9-3rd reading, passed 37-0; received in House
Mar 10-to Economic Development (H); posting waived
Mar 11-reported favorably, 1st reading, to Calendar
Mar 12-2nd reading, to Rules
Mar 15-posted for passage in the Regular Orders of the Day for Tuesday, March 16, 2004
Mar 17-3rd reading, passed 91-0
Mar 18-received in Senate; enrolled, signed by each presiding officer; delivered to Governor
Mar 26-signed by Governor (Acts ch. 18)