AN ACT relating to tax increment financing.
Summary
Amend KRS 154.30-010 for tax increment financing projects to include a calculation for modified new revenues for income tax which will account for future tax rate decreases;provide that this calculation is for state tax revenues received from individual income taxes on or after January 1, 2023, and is for projects approved prior to January 1, 2023.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 4, 2023
Last action Jan 5, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jan 5, 2023
Committee
to Appropriations & Revenue (S)
upper
Jan 4, 2023
Committee
to Committee on Committees (S)
upper
Jan 4, 2023
Introduced
introduced in Senate
upper
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David Givens
RRepublican
P
Gary Boswell
RRepublican
P
Mike Wilson
RRepublican
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