HB 748/FN (BR 1493) - J. Wayne
AN ACT relating to the sunsetting of tax inducement programs.
Create a new section in KRS 6.905 to 6.935 to provide a timetable for the sunset of each tax increment financing, tourism development, and economic development program and require the Program Review and Investigations Committee of the Legislative Research Commission to conduct a systematic review prior to the expiration of each program; create a new section in KRS Chapter 65 to sunset tax increment financing provisions; create a new section in KRS Chapter 148 to sunset the Kentucky Tourism Development Act; create a new section in Subchapter 12 of KRS Chapter 154 to sunset the various economic development programs; amend KRS 131.190 to allow Legislative Research Commission staff access to confidential data and impose the penalties for improper use or disclosure of the data as provided by KRS 131.990(2)(a) and (b).
Mar 4-introduced in House
Mar 5-to Appropriations & Revenue (H)
Mar 13-posted in committee