HB 413 (BR 384) - A. Simpson, J. Draud, D. Keene, T. Kerr, A. Koenig, S. Santoro, A. Wuchner
AN ACT relating to tax increment financing.
Amend KRS 65.490 to include second class cities and urban-county governments among the entities that can participate in pilot tax increment financing projects, and to decrease the minimum development size from 1 square mile to one-quarter square mile; amend KRS 65.493 to include second class cities and urban-county governments among entities that can authorize tax increment financing development areas, to increase the permitted distance from the central business district of the largest city, and to decrease the number of employees employed at a nearby economic development asset.
Feb 12-introduced in House
Feb 13-to Appropriations & Revenue (H)