07RS HB262

HB262

WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 262/FN (BR 1240) - C. Belcher, H. Moberly Jr, D. Keene

     AN ACT relating to fiscal matters.
     Amend KRS 42.450 to specify acceptable investments; amend KRS 56.813 to permit direct payments for leasehold improvements of $2,000 or less; amend KRS 136.392 to clarify that governmental and nonprofit entities are not subject to the insurance premiums tax; amend KRS 138.165 to permit the Department of Revenue to retain the proceeds from the sale of seized cigarettes and use the funds for enforcement of cigarette taxes; amend KRS 141.160 to clarify that cooperatives that are allowed an extended due date for filing a federal return shall also have an extended due date for the Kentucky return; amend KRS 141.418 to clarify the procedure for claiming an environmental remediation tax credit; amend KRS 141.422 to clarify that biodiesel must meet the most current federal standards in order to qualify for tax credits; amend KRS 141.040 and 141.0401 to treat the limited liability entity tax as a nonrefundable prepayment of income tax; repeal KRS 14.080, interest paid on state bonds.

HB 262 - AMENDMENTS


     HCS/FN - Amend KRS 42.450 to specify acceptable investments; amend KRS 56.813 to permit direct payments for leasehold improvements of $2,000 or less; amend KRS 136.392 to clarify that governmental and nonprofit entities are not subject to the insurance premiums tax; amend KRS 141.160 to clarify that cooperatives that are allowed an extended due date for filing a federal return shall also have an extended due date for the Kentucky return; amend KRS 141.418 to clarify the procedure for claiming an environmental remediation tax credit; amend KRS 141.422 to clarify that biodiesel must meet the most current federal standards in order to qualify for tax credits; repeal KRS 14.080, Interest paid on state bonds.

     SCS - Retain original provisions; amend 2006 Kentucky Acts Chapter 252, the state/executive branch budget bill, to appropriate additional operating support for the Department of Veterans' Affairs; appropriate additional debt service for the Department of Military Affairs; designate the Commission on Human Rights' personnel and operating expenditures as a necessary government expense; authorize an amount not to exceed $25,000,000 as a necessary government expense for Wolf Creek Dam; appropriate additional operating support for the Department of Parks; increase the Horse Park Commission's debt service; transfer the Collaborative Center for Literacy Development from Learning and Results Services to UK; transfer $1,000,000 of excess SEEK funds to the Office of Career and Technical Education for salary adjustments for their employees; appropriate funds for the Blue Ribbon Commission on Public Employees Retirement Systems; establish a transfer schedule for the Capitol Annex; increase the Finance and Administration Cabinet's debt service for all additional operating support; appropriate additional funds to the Department for Community Based Services for private child care provider rate increases; appropriate additional operating support for the Department of Juvenile Justice; appropriate additional operating support for Kentucky State Police; appropriate additional operating support for Adult Correctional Institutions; authorize the Transportation Cabinet to select up to 15 design/build demonstration road-related projects; authorize an amount not to exceed $10,000,000 of Road Fund resources for safety-related projects; authorize the Transportation Cabinet to begin work on the Crittenden Drive/Louisville Regional Airport Authority project; authorize an amount not to exceed $15,000,000 of Road Fund resources to upgrade and improve US 68; allow recipients of Infrastructure for Economic Development Fund for Coal and Non-Coal Producing Counties and Community Development Fund Projects to alter a recipient name or project title made in error; authorize agency bonds for Bluegrass Station; authorize the lease of a Fuels/Pesticides Testing Lab in Franklin County; authorize Horse Park Commission bond funds for an indoor arena, outdoor stadium, roads, and pedways; authorize UK to use Restricted Funds for the Samaritan Clinical Facility; specify how General Fund moneys directed to be appropriated by the General Fund Surplus Expenditure Plan prior to the effective date of this Act shall be appropriated; EMERGENCY.

     SCA (1/Title, C. Borders) - Make title amendment.

     Feb 6-introduced in House
     Feb 7-to Appropriations and Revenue (H)
     Feb 8-posted in committee
     Feb 14-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 15-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 16, 2007
     Feb 22-3rd reading, passed 100-0 with Committee Substitute
     Feb 23-received in Senate
     Mar 1-to Appropriations & Revenue (S)
     Mar 5-taken from committee; 1st reading; returned to Appropriations & Revenue (S)
     Mar 6-taken from committee; 2nd reading; returned to Appropriations & Revenue (S)
     Mar 12-reported favorably, to Rules with Committee Substitute, committee amendment (1-title) ; posted for passage in the Regular Orders of the Day for Monday, March 12, 2007; 3rd reading, passed 37-0 with Committee Substitute, committee amendment (1-title) ; received in House

Vote History

Kentucky Legislature Home Page | Record Front Page