11RS HB115
LRC Seal

HB115

11RS

WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.


HB 115 (BR 420) - J. Wayne

     AN ACT relating to the reporting of tax inducements.
     Amend KRS 48.010 to define terms related to the economic development and tourism project expenditure report; amend KRS 48.315, 131.585, and 224.43-505 to conform; create a new section of KRS Chapter 48 to require, no later than October 15, 2012, and annually thereafter, the publication of a state economic development and tourism project expenditure report by the Office of State Budget Director and the submission of that report to the Legislative Research Commission; create a new section of KRS Chapter 131 to require the Department of Revenue to provide data to the Office of State Budget Director on development tax expenditures and tax expenditures annually; amend KRS 131.190 to allow the department to disclose the information; create a new section of Subchapter 12 of KRS Chapter 154 to require the submission of data by the Cabinet for Economic Development to the Office of State Budget Director; create a new section of KRS Chapter 148 to require the submission of data by the Tourism, Arts and Heritage Cabinet to the Office of State Budget Director.

     (Prefiled by the sponsor(s).)

     Jan 4-introduced in House; to Appropriations & Revenue (H)


Legislature Home Page | Record Front Page