11RS HB462
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HB462

11RS

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HB 462 (BR 432) - A. Simpson, T. Kerr, A. Koenig, R. Palumbo, S. Santoro, T. Thompson

     AN ACT relating to the Kentucky Reinvestment Act.
     Amend various sections of KRS Chapter 154, Subchapter 34, to expand the provisions of the Kentucky Reinvestment Act to include non-retail service or technology reinvestment projects and headquarters reinvestment projects that have a least 200 full-time employees, agree to maintain at least 85 percent of the number of full-time employees employed at the facility on the date the company receives preliminary approval, and make at least a $2.5 million capital investment in the Commonwealth; cap the amount of tax credits committed in each fiscal year by the authority for all headquarters reinvestment projects and service or technology reinvestment projects at $7 million; amend KRS 141.415 to conform.

     Feb 11-introduced in House
     Feb 14-to Economic Development (H)
     Feb 15-posted in committee
     Feb 17-reported favorably, 1st reading, to Consent Calendar
     Feb 18-2nd reading, to Rules
     Feb 22-recommitted to Appropriations & Revenue (H)


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