HB 337/LM (BR 1370) - J. Short, J. Gooch Jr., H. Collins, L. Combs, K. Hall, F. Steele
AN ACT relating to the local government economic development fund.
Amend KRS 42.4585 to increase the minimum transfer amount from the local government economic development fund to the local government economic assistance fund from 15% to 25%.
HB 337 - AMENDMENTS
HCS/LM - Delete the provisions of the bill and substitute noncodified language permitting coal producing counties with a projected shortfall in budgeted distributions from the Local Government Economic Assistance Fund in fiscal year 2013 of 25% or greater to petition the Department for Local Government for a reallocation of funds from the individual county account in the Local Government Economic Development Fund or from specific appropriations for identified projects in the county funded from the Local Government Economic Development Fund; require the Department for Local Government to report any approved reallocations to the State Budget Director and the Interim Joint Committee on Appropriations and Revenue.
HFA (1, J. Short) - Retain original provisions, except increase the shortfall to qualify for reallocation from 25 to 30.
SCA (1, B. Leeper) - Retain original provisions except decrease the shortfall to qualify for reallocation from 30 percent to 25 percent.
SCA (2, B. Leeper) - Retain original provisions; create a new section of KRS Chapter 141 to establish the employers' organ and bone marrow donation credit; amend KRS 141.010 to exempt the discharge of indebtedness from the sale of a principal residence for taxable years beginning on or after January 1, 2013; create new sections of Subchapter 20 of KRS Chapter 154 to expand the Kentucky Investment Fund Act to allow for tax credits to be provided to individual investors making certain investments in small businesses, in addition to credits to investment funds; define terms; list requirements for small businesses and individual investors to qualify for participation; require the Kentucky Economic Development Finance Authority (KEDFA) to establish the application process; cap the total amount of individual investor and investment fund tax credits available through the Kentucky Investment Fund Act in all years at $40,000,000; require KEDFA to maintain a website listing all businesses and individual investors certified and all credits awarded; require small businesses to report annually and allow for tax credit recapture in certain circumstances; amend KRS 154.20-255 to provide that the total amount of tax credits available through the Kentucky Investment Fund Act program for both individuals and funds is $40,000,000 in all years; create a new section of KRS Chapter 141 to establish the credit; amend KRS 304.17A-730 to require the commissioner of the Department of Insurance to enforce Kentucky's prompt payment laws as they relate to disputes between the providers of care to Medicaid recipients and Medicaid Managed care organizations and Medicaid recipients and the MCOs; amend KRS 304.17A-722 to require all insurers to report quarterly information on prompt payment of claims, including the number of original claims and corrected claims received by the insurer, its agent, or designee; amend KRS 141.0205 to order the tax credits and make technical corrections; guarantee the payment of interest on certain claims.
SCA (3/Title, B. Leeper) - Make title amendment.
SFA (1, R. Jones II) - Retain original provisions; amend KRS 42.480 to require the Department for Local Government to provide estimates of severance tax receipts to local governments eligible for funds under KRS 42.450 to 42.495 based upon the estimates used in the enacted budget, and to update those estimates annually based upon information obtained from the Office of State Budget Director; prohibit local governments eligible to receive funds from the local government economic assistance funds from including revenues beyond those estimated in its adopted budget.
Feb 11-introduced in House
Feb 12-to Appropriations & Revenue (H)
Feb 15-posted in committee
Feb 19-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 20-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute
Feb 21-posted for passage in the Consent Orders of the Day for Monday, February 25, 2013; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day for Friday, February 22, 2013
Feb 25-3rd reading, passed 94-0 with Committee Substitute, floor amendment (1)
Feb 26-received in Senate
Feb 28-to Appropriations & Revenue (S)
Mar 4-taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
Mar 5-taken from Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)
Mar 7-floor amendment (1) filed ; reported favorably, to Rules with committee amendments (1) (2) and (3-title) as a Consent Bill; posted for passage in the Regular Orders of the Day for Thursday, March 7, 2013; 3rd reading, passed 36-1 with committee amendments (1) (2) and (3-title)
Mar 11-received in House; posted for passage for concurrence in Senate committee amendments (1) (2) and (3-title) ; House refused to concur in Senate committee amendments (1) (2) and (3-title) ; received in Senate
Mar 12-posted for passage for receding from Senate committee amendments (1) (2) and (3-title) ; Senate refused to recede from committee amendments (1) (2) and (3-title) ; Conference Committee appointed in House and Senate