HB 493 (BR 1757) - R. Adkins, R. Smart
AN ACT relating to tourism development tax incentives.
Amend KRS 148.851 to define "enhanced incentive county"; amend KRS 148.853 to provide that the total eligible costs shall exceed $500,000 for a tourism attraction project located in an enhanced incentive county; and allow a tourism attraction project located in an enhanced incentive county to receive a sales tax incentive equal to the lesser of the amount of the sales tax liability of the approved company and its lessees or a percentage of the approved costs not to exceed 30%; create a new section of KRS 148.851 to 148.860 to provide that new applications for enhanced incentive county incentives shall not be accepted or considered for incentives before August 1, 2014 or after July 31, 2018.
HB 493 - AMENDMENTS
HCS - Retain original provisions except create a new section of KRS 148.851 to 148.860 to require that new applications for enhanced incentive county incentives not be accepted or considered for incentives before August 1, 2014 or after May 1, 2018.
SFA (1, M. McGarvey) - Retain original provisions, except amend KRS 148.853 to allow certain entertainment destination centers that have previously been granted incentives under the Tourism Development Act program to be extended one or more times under certain circumstances; provide that projects that were previously extended and which have now expired may be retroactively extended under certain circumstances.
Feb 27-introduced in House
Mar 4-to Appropriations & Revenue (H)
Mar 14-posted in committee
Mar 18-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Mar 19-2nd reading, to Rules; taken from Rules; placed in the Consent Orders of the Day for Friday, March 21, 2014
Mar 21-3rd reading, passed 97-0 with Committee Substitute ; received in Senate; taken from Committee on Committees (S); 1st reading; returned to Committee on Committees (S)
Mar 24-taken from Committee on Committees (S); 2nd reading; returned to Committee on Committees (S); to Appropriations & Revenue (S)
Mar 25-floor amendment (1) filed
Mar 26-reported favorably, to Rules as a Consent Bill
Mar 27-floor amendment (1) withdrawn ; posted for passage in the Consent Orders of the Day for Thursday, March 27, 2014; 3rd reading, passed 37-1
Mar 28-received in House; enrolled, signed by Speaker of the House
Mar 31-enrolled, signed by President of the Senate; delivered to Governor
Apr 10-signed by Governor (Acts, ch. 104)