HB 162/LM (BR 316) - T. Pullin, C. Hoffman, T. McKee, H. Moberly Jr., S. Westrom, B. Yonts
AN ACT relating to production of energy feedstocks at brownfield sites.
Amend KRS 132.010 to include qualifying voluntary environmental remediation property where the owner is the principal responsible party and is using the land for the agricultural production of energy feedstocks for a period of at least 3 years; amend KRS 132.020 to pay a reduced property tax on voluntary environmental remediation property being used for agricultural production of energy feedstocks; amend KRS 132.200 to include for state taxation only qualifying voluntary environmental remediation property that is used for the agricultural production of energy feedstocks; establish an effective date of January 1, 2010.
HB 162 - AMENDMENTS
HCS/LM - Retain original provisions of HB 162; state the intent of the General Assembly to encourage brownfield redevelopment through the production of energy feedstocks; amend 132.010 to allow extension of the credit to current owners who are not principal owners and extend the credit for seven nonconsecutive years rather than three; require the credit to expire after seven years.
Jan 9-introduced in House
Feb 3-to Agriculture & Small Business (H)
Feb 9-posted in committee
Feb 11-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 12-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 13, 2009
Feb 13-3rd reading, passed 95-0 with Committee Substitute ; received in Senate
Feb 23-to Natural Resources and Energy (S)