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SB 130/FN/LM (BR 1194) - S. Humphries, D. Carroll, M. Wise
AN ACT relating to TVA in-lieu-of-tax payments and making an appropriation therefor.
Amend KRS 96.895 to require that a portion of the Tennessee Valley Authority (TVA) in-lieu-of-tax revenue deposited in the general fund be distributed to agencies designated by counties that have TVA property located in that county or purchase power from TVA, increasing from 0% currently to 50% or a maximum of $6,000,000.
Feb 07, 2017 - introduced in Senate
Feb 08, 2017 - to Appropriations & Revenue (S)