SB 249 KY

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Became Law

Amend KRS 154.20-258 to allow a tax credit of up to 40 percent if the contribution is made to an investment fund approved by the authority prior to January 1, 2023, and 25 percent if the contribution is made to an investment fund approved by the authority on or after January 1, 2023; amend KRS 65.7047 to add that if the city or county pledges occupational license taxes or fees as part of the local tax revenue to support local development areas, it may contract for the services of a qualified independent outside consultant or financial adviser, making this optional and setting forth requirements; amend KRS 65.7049 to add that if the city or county intends to apply for the Signature Projects Program under KRS 154.30-050 or the mixed-use redevelopment program under KRS 154.30-060, the city or county shall engage the services of a qualified independent outside consultant or financial adviser, specifying the reporting requirements of the financial adviser; amend KRS 65.7053 to include that an ordinance establishing the development area must also include the estimated fiscal impact arrived at by the financial adviser under their reporting requirements addressed in KRS 65.7049; amend KRS 154.20-410 to end the Kentucky alternative fuel and renewable energy fund and deeming any balances be transferred to the Kentucky enterprise fund established in KRS 164.6019; amend KRS 164.6019 to conform with this transfer; repeal KRS 154.20-405; EMERGENCY.

• P. Wheeler Republican · primary

1. Feb 28, 2022 introduced in Senate · upper
2. Feb 28, 2022 to Committee on Committees (S) · upper
3. Mar 1, 2022 to Appropriations & Revenue (S) · upper
4. Mar 16, 2022 reported favorably, 1st reading, to Calendar · upper
5. Mar 17, 2022 2nd reading, to Rules · upper
6. Mar 17, 2022 posted for passage in the Regular Orders of the Day for Friday, March 18, 2022 · upper
7. Mar 18, 2022 3rd reading, passed 30-0 · upper
8. Mar 18, 2022 received in House · lower
9. Mar 18, 2022 to Committee on Committees (H) · lower
10. Mar 23, 2022 taken from Committee on Committees (H) · lower
11. Mar 23, 2022 1st reading · upper
12. Mar 23, 2022 returned to Committee on Committees (H) · lower
13. Mar 23, 2022 to Appropriations & Revenue (H) · lower
14. Mar 29, 2022 reported favorably, 2nd reading, to Rules with Committee Substitute (1) · upper
15. Mar 30, 2022 posted for passage in the Consent Orders of the Day for Wednesday, March 30, 2022 · upper
16. Mar 30, 2022 3rd reading, passed 98-0 with Committee Substitute (1) · upper
17. Mar 30, 2022 received in Senate · upper
18. Mar 30, 2022 to Rules (S) · upper
19. Mar 30, 2022 posted for passage for concurrence in House Committee Substitute (1) · upper
20. Mar 30, 2022 Senate concurred in House Committee Substitute (1) · upper
21. Mar 30, 2022 passed 35-0 · upper
22. Mar 30, 2022 enrolled, signed by President of the Senate · upper
23. Mar 30, 2022 enrolled, signed by Speaker of the House · lower
24. Mar 30, 2022 delivered to Governor · upper
25. Apr 8, 2022 signed by Governor (Acts Ch. 146) · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Acts Chapter 146 · PDF
• Current/Final · PDF
• Introduced · PDF