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Bill results

in committee · Kentucky · House Feb 16, 2017

HB 386: AN ACT relating to election districts. Create new sections of KRS Chapter 5 to establish the Legislative Advisory Reapportionment and Redistricting Commission; require six members to be elected, one from each of Kentucky's congressional districts, four members to be appointed, and one member to be the Chief Justice of the Kentucky Supreme Court or the Chief Justice's designee; set terms of office at four years; require the first election to be held at the regular election in 2020; establish powers and duties of the commission; require the commission to develop proposals for the reapportionment and redistricting of state legislative districts, congressional districts, and, when called upon to do so, Supreme Court districts; require the commission to submit its proposals to the General Assembly for consideration.

To Elections, Const. Amendments & Intergovernmental Affairs (H)
in committee · Kentucky · House Feb 16, 2017

HB 399: 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.

To Appropriations & Revenue (H)
in committee · Kentucky · House Feb 16, 2017

HB 382: 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.

To Appropriations & Revenue (H)
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