HB 701 (BR 2449) - R. Wilkey
AN ACT relating to tourism development.
Amend KRS 148.851 to define "destination retail attraction," "full service lodging facility," and "recreational property"; amend the definition of "tourism attraction" to include "destination retail attraction"; require a destination retail attraction to have capital costs in excess of $40,000,000 and attract a minimum of 40% of visitors from out of state; amend KRS 148.859 to allow for records to be audited by the Department of Revenue or its designee; specify criteria for which sales tax refunds may be suspended; amend KRS 139.536 to allow a destination retail attraction to recover 50% of approved costs through a sales tax refund; amend KRS 148.855 to conform.
Feb 27-introduced in House
Feb 28-to Appropriations and Revenue (H)