HB 611/FN (BR 1827) - R. Webb, H. Moberly Jr.
AN ACT relating to tax increment financing.
Amend KRS 139.515 to clarify the process by which the Department of Revenue calculates refunds due, and to establish a phase out of the refund amount if refund are requests are not filed in a timely manner; amend KRS 65.7081 to delete provisions requiring funds to be held in an non-interest bearing account.
HB 611 - AMENDMENTS
SCS/FN - Retain original provisions; establish a new Subchapter 30 of KRS Chapter 154 and repeal, reenact and amend various sections of KRS Chapter 65 as new sections of subchapter 30 of KRS Chapter 154 to move oversight and responsibility for the state portion of the tax increment financing program from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority; create a new section of KRS Chapter 65 to permit local governments to impose a wage assessment within a development area or local development area; amend various sections of KRS Chapter 65 to conform.
Feb 21-introduced in House
Feb 25-to Appropriations & Revenue (H)
Feb 26-posting waived
Feb 28-reported favorably, 1st reading, to Calendar
Feb 29-2nd reading, to Rules
Mar 3-posted for passage in the Regular Orders of the Day for Tuesday, March 4, 2008
Mar 6-3rd reading, passed 95-2
Mar 7-received in Senate
Mar 11-to Appropriations & Revenue (S)
Mar 24-taken from committee Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
Mar 25-taken from committee Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)
Mar 26-reported favorably, to Rules with Committee Substitute
Apr 2-posted for passage in the Regular Orders of the Day for April 2, 2008; 3rd reading, passed 34-0 with Committee Substitute ; received in House; to Rules (H)
Apr 14-taken from Rules; posted for passage for concurrence in Senate Committee Substitute
Apr 15-House concurred in Senate Committee Substitute ; passed 92-0; enrolled, signed by each presiding officer; delivered to Governor
Apr 24-signed by Governor (Acts Ch. 178)