GLI_Advocacy

Tax Legislation
Prepared by: Greater Louisville Inc.
Report created on April 20, 2024
 
HB15VOLUNTEER FIREFIGHTER TAX CREDIT (NELSON, RICK; Miles, Suzanne; Riley, Steve; Sims Jr., John; York, Jill) AN ACT relating to a tax credit for volunteer firefighters.

Create a new section of KRS Chapter 141 to establish a $1,000 refundable income tax credit for certain volunteer firefighters; declare the purpose of the credit; require annual reporting to the Legislative Research Commission to evaluate the impact of the credit; amend KRS 141.0205 to provide the ordering of the credit and to make technical corrections.
 Current Status:   1/3/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   1/3/2017 - Introduced (Pre-Filed)
7/15/2016 - Pre-Filed
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB15.htm
 
HB21ZONE TAX INCENTIVES (NELSON, RICK; AN ACT relating to promise zone tax incentives.

Amend KRS 139.570 to allow additional compensation for sellers in the promise zone; create a new section of KRS Chapter 141 to allow an income tax credit for qualified employees equal to the individual income tax on wages earned in the promise zone, not to exceed $2,400; allow an income tax credit for qualified employers in an amount equal to $100 for each employee working within the promise zone; require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the new tax credits; create a noncodified section to set forth the purpose of the Act and describe actions previously taken by the federal government.
 Current Status:   1/3/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   1/3/2017 - Introduced (Pre-Filed)
8/5/2016 - Pre-Filed
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB21.htm
 
HB44PROMISE ZONE TAX INCENTIVES (YORK, JILL; Blanton, John) AN ACT relating to promise zone tax incentives.

Amend KRS 139.570 to allow additional compensation for sellers in the promise zone; create a new section of KRS Chapter 141 to allow an income tax credit for qualified employees equal to the individual income tax on wages earned in the promise zone, not to exceed $2,400; allow an income tax credit for qualified employers in an amount equal to $100 for each employee working within the promise zone; require reporting by the Department of Revenue to the Legislative Research Commission; amend KRS 141.0205 to order the new tax credits; create a noncodified section to set forth the purpose of the Act and describe actions previously taken by the federal government.
 Current Status:   1/3/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   1/3/2017 - Introduced (Pre-Filed)
9/19/2016 - Pre-Filed
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB44.htm
 
HB117UNEMPLOYMENT TAX CREDIT (RICHARDS, JODY; AN ACT relating to the unemployment tax credit.

Amend KRS 141.065 to allow an income tax credit for taxable years beginning on or after January 1, 2017, but before January 1, 2021, equal to $1,000 for employers who hire certain unemployed individuals, if the individual was employed in the coal industry immediately prior to becoming unemployed; limit the current unemployment tax credit to taxable years beginning before January 1, 2021; define the purpose of the tax credits and data required to determine if the tax credits achieve the purpose; require the Department of Revenue to provide information on these credits to the Legislative Research Commission; amend KRS 141.0205 to order the credit; amend KRS 131.190, 131.135, 131.618, 131.650, 131.990, 141.389, and 131.020 to make various conforming changes.
 Current Status:   1/6/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   1/3/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB117.htm
 
HB165KENTUCKY COAL TAX INCENTIVES (DUPLESSIS, JIM; AN ACT relating to tax incentives to promote the increased use of Kentucky coal.

Amend KRS 141.0405 to once again permit the coal incentive tax credit, which was previously allowed and which sunsetted for most types of facilities in tax year 2009; amend provisions to provide an incentive to taxpayers purchasing coal, that is subject to Kentucky severance and processing tax, for use in the generation of electricity or for certain industrial processes; provide for the sunset of the credit; make technical corrections; repeal KRS 141.0406, relating to claims for the coal incentive tax credit.
 Current Status:   2/7/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   1/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB165.htm
 
HB168TVA IN-LIEU-OF-TAX PAYMENTS (ROWLAND, BART; Castlen, Matt; DeCesare, Jim; Dossett, Myron; Heath, Richard; Imes, Kenny; Meredith, Michael; Miles, Suzanne; Petrie, Jason; Prunty, Melinda Gibbons; Richards, Jody; Riley, Steve; Stone, Wilson; Thomas, Walker) 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.
 Current Status:   2/28/2017 - House Appropriations & Revenue, (Bill Scheduled for Hearing)
 All Bill Status:   2/7/2017 - (H) Referred to Committee House Appropriations & Revenue
1/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB168.htm
 
HB182RURAL KENTUCKY BUSINESS TAX CREDIT (HARRIS, CHRIS; Blanton, John) AN ACT relating to the establishment of a tax credit to promote investments in rural Kentucky businesses and making an appropriation therefor.

Create new sections of KRS Chapter 136 to establish a new tax credit against the taxes imposed on insurance companies and financial institutions, for contributions made by them into rural growth funds which make investments in certain businesses principally operating in certain areas of the state; declare findings and the purpose of the credit; define terms; require an entity to follow a process to apply for certification as a rural growth fund, and for investors in that entity to receive tax credits awarded by the Department of Revenue; allow the department to issue $60,000,000 in tax credits; provide credit sunset terms and other conditions for participating in the program and for claiming the credit; provide for revocation of tax credits; allow the department to audit rural growth funds; limit any liability of the Commonwealth in regard to rural growth funds or investments made by them; require various reports to be filed with the department and the Legislative Research Commission to enable evaluations of the credit program; provide for the ordering of the credit; declare short title to be the Kentucky Rural Jobs Tax Credit Act of 2017; APPROPRIATION.
 Current Status:   2/9/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB182.htm
 
HB191INSURANCE (ROWLAND, BART; Greer, Jeff; Riggs, Steven) AN ACT relating to insurance.

Amend KRS 329A.070 to exempt certain individuals employed by an insurance company from the Kentucky Private Investigators Licensing Act; amend KRS 304.9-430 to exempt individuals employed by an insurance company to investigate fraudulent claims from licensure requirements of a staff adjuster, and delete an expired subsection; amend KRS 304.20-020 to provide that any insured named in the policy, rather than the named insured, may reject uninsured motor vehicle coverage and provide that if a named insured rejected coverage, in addition to coverage provided in or supplemental to renewal, the insurer is not required to provide coverage supplemental to a reinstatement, substitute, replacement, or amended policy issued to the same named insured by the same insurer or its affiliates; amend KRS 304.39-230 to specify the method for determining the date for when the last reparation payment is made; amend KRS 304.9-295 and 304.9-436 to conform.
 Current Status:   3/20/2017 - SIGNED BY GOVERNOR
 All Bill Status:   3/8/2017 - delivered to Governor
3/8/2017 - Enrolled, Signed by President of the Senate
3/7/2017 - Enrolled, Signed by Speaker of the House
3/6/2017 - floor amendments (1) and (2) filed
3/6/2017 - (S) THIRD READING Passed (29-7)
3/6/2017 - (S) Posted for Passage in Regular Orders of the Day
3/3/2017 - (S) Passed Over and retained in the Orders of the Day
3/3/2017 - (S) Posted for Passage in Regular Orders of the Day for Friday, March 3, 2017
3/1/2017 - (S) SECOND READING, to Rules
2/28/2017 - (S) FIRST READING to Regular Calendar
2/28/2017 - (S) Reported Favorably
2/28/2017 - House Banking & Insurance, (Bill Scheduled for Hearing)
2/21/2017 - (S) Referred to Committee Senate Banking and Insurance
2/17/2017 - received in Senate
2/16/2017 - (H) THIRD READING, passed 94-0 with floor amendment (1)
2/16/2017 - (H) Posted for Passage in Regular Orders of the Day
2/14/2017 - floor amendment (1) filed
2/13/2017 - (H) Posted for Passage in Regular Orders of the Day for Thursday, February 16, 2017
2/13/2017 - (H) SECOND READING, to Rules
2/10/2017 - (H) FIRST READING to Regular Calendar
2/10/2017 - (H) Reported Favorably
2/10/2017 - House Banking & Insurance, (Bill Scheduled for Hearing)
2/9/2017 - (H) posted in committee House Banking & Insurance
2/9/2017 - (H) Referred to Committee House Banking & Insurance
2/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB191.htm
 
HB203TAX CREDITS (FLEMING, KEN; AN ACT relating to tax credits.

Amend KRS 154.20-236 to eliminate the angel investor tax credit limitation of $3 million for all qualified investors in a calendar year beginning in 2017.
 Current Status:   2/9/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB203.htm
 
HB245STATE TAX ADMINISTRATION (MILLER, JERRY T.; AN ACT relating to state tax administration.

Amend KRS 131.130 to permit the commissioner to respond to the public's and taxpayers' questions and publish those responses; allow the department to include examples as part of any response or publication.
 Current Status:   3/21/2017 - SIGNED BY GOVERNOR
 All Bill Status:   3/14/2017 - delivered to Governor
3/14/2017 - Enrolled, Signed by President of the Senate
3/14/2017 - Enrolled, Signed by Speaker of the House
3/8/2017 - (S) THIRD READING, passed 37-0
3/8/2017 - (S) Posted for Passage in Consent Orders of the Day for Wednesday, March 8, 2017
3/7/2017 - (S) SECOND READING to Rules
3/7/2017 - (S) Reported Favorably
3/7/2017 - Senate Appropriations and Revenue, (Bill Scheduled for Hearing)
3/6/2017 - (S) Returned to Committee Senate Appropriations and Revenue
3/6/2017 - (S) FIRST READING
3/6/2017 - (S) Taken From Committee
2/27/2017 - (S) Referred to Committee Senate Appropriations and Revenue
2/24/2017 - received in Senate
2/23/2017 - (H) THIRD READING, passed 99-0
2/23/2017 - (H) Posted for Passage in Consent Orders of the Day
2/22/2017 - (H) Posted for Passage in Consent Orders of the Day for Thursday, February 23, 2017
2/22/2017 - (H) SECOND READING, to Rules
2/21/2017 - (H) FIRST READING to Consent Calendar
2/21/2017 - (H) Reported Favorably
2/21/2017 - House Appropriations & Revenue, (Bill Scheduled for Hearing)
2/16/2017 - (H) posted in committee House Appropriations & Revenue
2/9/2017 - (H) Referred to Committee House Appropriations & Revenue
2/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB245.htm
 
HB248PHYSICIAN PRECEPTOR TAX INCENTIVE PROGRAM (MOSER, KIMBERLY POORE; Wuchner, Addia) AN ACT relating to the physician preceptor tax incentive program.

Create a new section of KRS Chapter 141 to establish an individual income tax credit for Kentucky-licensed physicians who as voluntary preceptors administer at least three core clinical rotations for certain medical students; amend KRS 141.0205 to order the credit; amend KRS 131.190 to require reporting of statistics; amend sections of KRS Chapters 131 and 141 to make conforming changes.
 Current Status:   2/9/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/7/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB248.htm
 
HB263TAXATION (WAYNE, JIM; Burch, Tom; Cantrell, McKenzie; Donohue, Jeffery; Flood, Kelly; Graham, Derrick; Jenkins, Joni L.; Marzian, Mary Lou; Meeks, Reginald; Owens, Darryl; Palumbo, Ruth Ann; Scott, Attica) AN ACT relating to taxation.

Amend KRS 140.130 to decouple from changes to the federal estate tax since 2003; amend KRS 141.010 to provide for a reduction and phase-out of the pension exclusion, disallow the domestic production activities deduction, establish a cap for itemized deductions, and define "taxpayer"; amend KRS 141.020 to provide for changes to income tax rates; amend KRS 141.066 to provide for a refundable earned income credit; amend KRS 141.0205 to recognize changes in income tax credits; amend KRS 141.0401 to lower the exclusion threshold; amend KRS 141.120 to change apportionment methods to use a "throwback" rule and market-based sourcing for receipts; amend KRS 141.200 to require "combined" reporting for corporations; amend KRS 134.810, 136.310, 136.530, 141.040, 141.121, 141.206, and 141.420 to conform; amend KRS 141.205 to recognize "tax haven" foreign countries and tax all income apportioned or allocated to those countries; amend KRS 141.383, 148.544, and 148.546 to make the film industry tax credit nonrefundable and nontransferable; create a new section of KRS 6.905 to 6.935 to require review and sunset of all economic development tax credits; amend KRS 131.190 to allow LRC employees to review selected tax documents; amend KRS 138.270 to reduce motor fuels dealer compensation to one percent; amend KRS 132.020 to make the real property tax rate 12.2 cents per $100, remove the rate adjustment provision, and remove the recall provisions; amend KRS 132.260 to clarify requirements for reporting of rental space for mobile or manufactured homes, private aircraft, and certain boats or vessels; amend KRS 132.730, 132.751, 132.810, and 132.815 to clarify property tax treatment of manufactured homes; amend KRS 140.300 to clarify the treatment of agricultural valuation on inherited property; amend KRS 279.200, 279.530, 279.220, and 139.530 to repeal rural electric and telephone co-op taxes; amend KRS 132.097 and 132.099 to amend the exemption for personal property shipped out of state; amend KRS 139.105, 139.200, 139.220, 139.270, 139.340 and 139.740 to impose sales tax on selected services; amend KRS 243.0305 and 243.990 to recognize changes in the distilled spirits case tax; amend KRS 138.130, 138.140, and 138.143 to change the tax on cigarette rolling papers, to raise the tobacco taxes, to impose a floor stock tax, and to tax e-cigarettes; amend KRS 65.125, 65.674, 67.862, 67.938, 67A.843, 68.245, 68.248, 82.095, 97.590, 132.0225, 132.023, 132.024, 132.027, 132.029, 157.440, 160.470, 160.473, 67C.147, 78.530, 342.340, and 134.810 to remove the provisions of HB 44 that allow for recall of certain tax rates and make conforming and technical changes; repeal KRS 132.017, 132.018, 132.025, 132.720, 143A.035, and 243.710, relating to recall petitions and to various tax rates; provide that estate tax provisions apply for deaths occurring on or after August 1, 2017, sales tax provisions are effective for periods beginning on or after October 1, 2017, motor fuels compensation provisions are effective August 1, 2017, and property tax provisions are for assessments on and after January 1, 2018.
 Current Status:   2/13/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/8/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB263.htm
 
HB292FUEL TAX REVENUES (MILLER, JERRY T.; Koenig, Adam; Simpson, Arnold) AN ACT relating to the distribution of fuel tax revenues.

Create a new section of KRS Chapter 177, regarding allocation of a portion of fuel tax revenue to the rural secondary and county road aid funds, to change the revenue-sharing formula on the portion of fuel tax revenue which exceeds $825 million in any year to divide 48.2% of motor fuel tax revenues in excess of $825 million between incorporated and unincorporated areas based on population and road mileage; clarify that the share of the two splits allocated to incorporated areas shall be used by cities and unincorporated urban places in accordance with Sections 3, 4, and 5 of the Act; clarify that the share of the two splits allocated to unincorporated areas shall be used by counties, with 54.8% going to rural secondary roads and 45.2% used for county roads; amend KRS 177.365 to clarify that the allocation of fuel taxes to incorporated areas shall be used by cities for city streets; amend KRS 177.366 to eliminate the use of population as the sole factor in distributing municipal road aid funds and instead allocate 75% of the funds based on population, and 25% based on road mileage; amend KRS 177.010 to define the term "revenue-sharing road" amend KRS 177.320, 177.330, 177.360, 177.369, 179.410, 179.415, 138.220, and 177.020 to conform; EFFECTIVE JULY 1, 2018.
 Current Status:   3/7/2017 - House Appropriations & Revenue, (Bill Scheduled for Hearing)
 All Bill Status:   2/14/2017 - (H) Referred to Committee House Appropriations & Revenue
2/10/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB292.htm
 
HB295ADOPTION TAX CREDIT (ADKINS, ROCKY; Richards, Jody) AN ACT relating to an adoption tax credit.

Create a new section of KRS Chapter 141 to allow an income tax credit for qualified adoption expenses incurred by an individual in an amount equal to 20% of the allowable federal credit for qualified adoption expenses; require reporting by the Department of Revenue; amend KRS 141.0205 to order the tax credit; amend various sections of KRS Chapter 131 and 141 to conform.
 Current Status:   2/14/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/10/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB295.htm
 
HB295ADOPTION TAX CREDIT (ADKINS, ROCKY; Richards, Jody) AN ACT relating to an adoption tax credit.

Create a new section of KRS Chapter 141 to allow an income tax credit for qualified adoption expenses incurred by an individual in an amount equal to 20% of the allowable federal credit for qualified adoption expenses; require reporting by the Department of Revenue; amend KRS 141.0205 to order the tax credit; amend various sections of KRS Chapter 131 and 141 to conform.
 Current Status:   2/14/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/10/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB295.htm
 
HB302SALES AND USE TAX (NEMES, JASON; Sims Jr., John) AN ACT relating to sales and use tax.

Amend KRS 139.470 to exempt from sales and use tax 35% of the gross receipts derived from the sale of utilities to restaurants located in Kentucky; exemption applies for sales made on and after July 1, 2017, but before August 2, 2022; require Department of Revenue to report to the Legislative Research Commission.
 Current Status:   2/14/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/10/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB302.htm
 
HB339TAXATION (NEMES, JASON; Sims Jr., John) AN ACT relating to taxation.

Create a new section of KRS Chapter 141 establishing the apparently wholesome food income tax credit equaling 20% of the fair market value of apparently wholesome food donated in Kentucky; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow Department of Revenue to provide information to the Legislative Research Commission; amend various statutes to conform and to make technical changes.
 Current Status:   2/15/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/13/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB339.htm
 
HB340LAND CONSERVATION TAX CREDIT (KAY II, JAMES; AN ACT relating to income tax credits promoting land conservation.

Create a new section of KRS Chapter 141 to establish a qualified conservation contribution income tax credit; require annual report; amend KRS 141.0205 to provide for the ordering of the credit; amend KRS 146.560 to include the Kentucky Heritage Land Conservation Fund Board in the evaluation of credit applications; amend KRS 262.908 to include the Purchase of Agricultural Conservation Easements (PACE) Corporation board in the evaluation of credit applications; amend various statutes to allow the Department of Revenue to report credit information to the Legislative Research Commission.
 Current Status:   2/15/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/13/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB340.htm
 
HB355TAX CREDITS (KOENIG, ADAM; Kay II, James) AN ACT relating to tax credits.

Create a new section of KRS Chapter 198A to establish the Kentucky affordable housing credit, which applies to the income and insurance taxes, in an amount related to the amount of federal low-income housing tax credit; limit the total amount of all credits awarded during any year to the greater of 50 percent of the federal low-income housing tax credits awarded on qualified projects or $5,250,000; create a new section of KRS Chapter 141 to allow the income tax credit; amend KRS 141.0205 to order the income tax credit; create a new section of KRS Chapter 136 to order the insurance tax credits; amend various statutes to conform.
 Current Status:   3/7/2017 - House Appropriations & Revenue, (Bill Scheduled for Hearing)
 All Bill Status:   2/15/2017 - (H) Referred to Committee House Appropriations & Revenue
2/14/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB355.htm
 
HB362SALES AND USE TAX (JOHNSON, D J; AN ACT relating to sales and use taxes.

Amend KRS 139.570 to increase the maximum amount of compensation that a seller shall deduct from each sales and use return from $50 to $1,500 for timely remitting the sales and use tax to the Department of Revenue; EFFECTIVE July 1, 2017.
 Current Status:   2/15/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/14/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB362.htm
 
HB368TAX CREDITS (BANTA, KIM; Simpson, Arnold) AN ACT relating to tax credits.

Amend KRS 144.132 to allow persons that contract with one or more certificated air carriers for the transportation by air of persons, property, or mail and that purchase and pay for the aviation fuel used for that purpose a sales and use tax credit equal to the amount in excess of $1,000,000 each fiscal year; repeal various statutes.
 Current Status:   3/21/2017 - SIGNED BY GOVERNOR
 All Bill Status:   3/14/2017 - delivered to Governor
3/14/2017 - Enrolled, Signed by President of the Senate
3/14/2017 - Enrolled, Signed by Speaker of the House
3/8/2017 - (S) THIRD READING, passed 37-0
3/8/2017 - (S) Posted for Passage in Regular Orders of the Day for Wednesday, March 8, 2017
3/7/2017 - (S) SECOND READING to Rules
3/7/2017 - (S) Reported Favorably
3/7/2017 - Senate Appropriations and Revenue, (Bill Scheduled for Hearing)
3/6/2017 - (S) Returned to Committee Senate Appropriations and Revenue
3/6/2017 - (S) FIRST READING
3/6/2017 - (S) Taken From Committee
2/28/2017 - (S) Referred to Committee Senate Appropriations and Revenue
2/28/2017 - received in Senate
2/27/2017 - (H) THIRD READING, passed 82-8 with Committee Substitute
2/27/2017 - (H) Posted for Passage in Regular Orders of the Day; w/HCS 1
2/24/2017 - (H) Posted for Passage in Regular Orders of the Day; w/HCS 1
2/23/2017 - (H) Posted for Passage in Regular Orders of the Day for Friday, February 24, 2017
2/23/2017 - (H) SECOND READING, to Rules
2/22/2017 - (H) FIRST READING to Regular Calendar
2/22/2017 - (H) Reported Favorably
2/21/2017 - House Appropriations & Revenue, (Bill Scheduled for Hearing)
2/16/2017 - (H) posted in committee House Appropriations & Revenue
2/15/2017 - (H) Referred to Committee House Appropriations & Revenue
2/14/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB368.htm
 
HB380TAXATION (PRATT, PHILLIP; AN ACT relating to taxation.

Amend KRS 141.432 to require that a qualified community development entity be organized or formed in and have its principal place of business in Kentucky and commit to invest federal new market tax credits in the same dollar amount as it invests state new markets tax credits; amend KRS 141.433 to require the Department of Revenue to make available to the public a list of all qualified community development entities that were certified for the credit as well as their respective credit amounts; require the Department of Revenue to report information regarding the new markets development program tax credit to the Legislative Research Commission; determine order of application of tax credits; amend various sections of KRS Chapters 131 and 141 to conform and make technical changes.
 Current Status:   2/23/2017 - (H) WITHDRAWN
 All Bill Status:   2/16/2017 - (H) Referred to Committee House Appropriations & Revenue
2/15/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB380.htm
 
HB382TAXATION (KAY II, JAMES; AN ACT relating to taxation.

Amend KRS 141.010 to allow an exclusion from adjusted gross income for payments made by an employer to an employee's student loan balance up to $5,250 per year; define qualified education loan; amend KRS 131.190 to allow the Department of Revenue to report deduction and credit information to the Legislative Research Commission; require the Department of Revenue to report information related to the student loan benefits deduction to the Legislative Research Commission; amend various sections of KRS Chapters 131 and 141 to conform.
 Current Status:   2/16/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/15/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB382.htm
 
HB457KENTUCKY BUSINESS INVESTMENT PROGRAM (DECESARE, JIM; AN ACT relating to tax incentives offered through the Kentucky Business Investment Program.

Amend KRS 154.32-010 to define terms; amend KRS 154.32-020 to allow an approved company engaged in the development of infrastructure, including the erection of buildings, necessary to facilitate the location of manufacturing, agribusiness, nonretail service and technology, or national or regional headquarters operation in this state to qualify for tax credits against KRS 141.020, 141.040, and 141.0401; sunset tax credit program; amend KRS 154.32-070 to outline credit provisions; amend KRS 154.32-100 to require reporting to the Legislative Research Commission; create a new section of KRS Chapter 141 to provide credit for infrastructure activity; amend KRS 141.0205 to provide order in which credits may be taken; amend KRS 131.190 to allow Department of Revenue to report data; amend various statutes to conform.
 Current Status:   2/21/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/17/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB457.htm
 
HB472TAXATION (PRATT, PHILLIP; AN ACT relating to taxation.

Amend KRS 141.432 to require that a qualified community development entity be organized or formed in and have its principal place of business in Kentucky and commit to invest federal new market tax credits in the same dollar amount as it invests state new markets tax credits; amend KRS 141.433 to require the Department of Revenue to make available to the public a list of all qualified community development entities that were certified for the credit as well as their respective credit amounts; require the Department of Revenue to report information regarding the new markets development program tax credit to the Legislative Research Commission; determine order of application of tax credits; amend various sections of KRS Chapters 131 and 141 to conform and make technical changes.
 Current Status:   2/21/2017 - (H) Referred to Committee House Appropriations & Revenue
 All Bill Status:   2/17/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/HB472.htm
 
SB41SALES AND USE TAX (SCHICKEL, JOHN; AN ACT relating to a sales and use tax exemption for currency and bullion.

Amend KRS 139.480 to exempt from sales and use tax sales or purchases of bullion or currency made on or after July 1, 2017, but before July 1, 2021.
 Current Status:   1/7/2017 - (S) Referred to Committee Senate Appropriations and Revenue
 All Bill Status:   1/3/2017 - Introduced (Pre-Filed)
10/11/2016 - Pre-Filed
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/SB41.htm
 
SB88LOCAL GOVERNMENTS (SEUM, DAN; AN ACT relating to the incorporation of cities in counties containing consolidated local governments.

Amend KRS 67C.111 to remove the prohibition on incorporations of cities within consolidated local governments; amend KRS 81.050 and 81A.410 to conform.
 Current Status:   2/15/2017 - Senate State and Local Government, (Bill Scheduled for Hearing)
 All Bill Status:   1/7/2017 - (S) Referred to Committee Senate State and Local Government
1/4/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/SB88.htm
 
SB149NONPROFIT CONTRACTING (WISE, MAX; AN ACT establishing the government non-profit contracting advisory commission.

Create a new section of KRS Chapter 11 to establish the Government Nonprofit Contracting Advisory Commission; attach to the Commission on Small Business Advocacy for administrative purposes; designate as members the secretaries of the cabinets for Finance and Administration, Health and Family Services, Transportation, and Education and Workforce Development, the executive director of the Kentucky Nonprofit Network, and eight members nominated by the Kentucky Nonprofit Network and appointed by the Governor; specify that members shall serve without compensation; establish the duties of the commission to include but not be limited to reviewing and offering reports on administrative regulations, the effect of federal and state laws on nonprofit agencies, and best practices adopted by other states relating to contracting with nonprofit agencies; require an annual report.
 Current Status:   2/10/2017 - (S) Referred to Committee Senate State and Local Government
 All Bill Status:   2/9/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/SB149.htm
 
SB185TAX LAW ADMINISTRATION (WISE, MAX; AN ACT relating to the administration of tax laws.

Amend KRS 131.081 to require the Department of Revenue to inform taxpayers of any overpayments and to state that any department employee shall not willfully, recklessly, or intentionally disregard taxpayer rights; amend KRS 131.170 to relocate the IRS extension language from KRS 131.081, to require that taxpayers demonstrate reasonable cause for extension requests, and to allow the department to permit the filing of a return, report, or tax on any date, upon request; amend KRS 131.175 to give the commissioner of revenue authority to abate all or part of any interest to the extent that additional interest accrued because of error or delay by the department; amend KRS 131.370 to require a stay on the collection of tax by the filing of an appeal to any court and to remove the provisions requiring a supersedes bond.
 Current Status:   2/15/2017 - (S) Referred to Committee Senate Appropriations and Revenue
 All Bill Status:   2/14/2017 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/17RS/SB185.htm
 
*GLI's tracking of the legislation above is not meant to indicate support or opposition. All tracked legislation was chosen based on its perceived potential impact on the Greater Louisville business community.
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