SB 82/FN (BR 1281) - B. Leeper
AN ACT relating to brownfields redevelopment.
Amend KRS 132.010 to provide definitions for "hazardous substances", "pollutant or contaminate", and "Release", and to provide for amended definition of "qualifying voluntary environmental remediation property"; amend KRS 132.020 to replace "bona fide prospective purchaser" with " "property owner" and amend the requirements for a property owner's qualification for a $0.015 per $100 ad valorum state tax rate, and replace the term "covenant not to sue" with "No Further Action Letter"; amend KRS 132.200 to replace "issuance of a covenant not to sue by the Environmental and Public Protection Cabinet for all known releases on the property" with "Environmental and Public Protection Cabinet's issuance of a No Further Action Letter or its equivalent", pursuant to the correction of the effect of all known releases of hazardous substances, pollutants, contaminants, petroleum, or petroleum products located on the property consistent with a corrective action plan approved by the environmental and Public Protection Cabinet..."; amend KRS 141.418 to define "Hazardous substances", "pollutant or contaminant", "petroleum", "petroleum products", and "Release", and amend the definition of "Qualifying voluntary environmental remediation property", and provide that taxpayers claiming a credit shall submit receipts to the Environmental and Public Protection Cabinet.
Feb 6-introduced in Senate
Feb 8-to Agriculture and Natural Resources (S)
Feb 15-reported favorably, 1st reading, to Calendar
Feb 16-2nd reading, to Rules
Feb 20-posted for passage in the Regular Orders of the Day for Wednesday, February 21, 2006
Feb 21-3rd reading, passed 36-0
Feb 22-received in House
Feb 23-to Appropriations & Revenue (H)
Mar 7-posting waived
Mar 8-reported favorably, 1st reading, to Calendar
Mar 9-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Monday, March 12, 2007
Mar 12-3rd reading, passed 97-1; received in Senate; enrolled, signed by each presiding officer; delivered to Governor
Mar 23-signed by Governor (Acts Ch. 100)