HB 116 (BR 421) - J. Wayne
AN ACT relating to the sunsetting of tax inducement programs.
Create a new section of KRS Chapter 6 to require a systematic review by the Program Review and Investigations Committee of the Legislative Research Commission, with the assistance of the Tourism, Arts and Heritage Cabinet, the Cabinet for Economic Development and the Department of Revenue, of each tax increment financing, tourism development, and economic development program one year prior to its expiration as scheduled; amend KRS 131.190 to provide for confidentiality of information supplied to Legislative Research Commission staff related to the systematic review.
(Prefiled by the sponsor(s).)
Jan 4-introduced in House; to Appropriations & Revenue (H)