Amend KRS 142.400 to impose a 1% statewide surtax on the rental of accommodations when charged by the owner of the property or by a person facilitating the rental of the property and deposit the receipts from the surtax into the affordable housing trust fund; amend KRS 142.402, 142.404, 142.406, and 198A.190 to conform; EFFECTIVE August 1, 2026.
Appropriate $43,827,000 from the budget reserve trust fund account in fiscal year 2026-2027 to the Kentucky Public Pensions Authority to fund one-time supplemental payments on July 1, 2026, to recipients of a retirement allowance who have been retired for at least 12 months from the Kentucky Employees Retirement System (KERS) and the State Police Retirement System (SPRS); specify that the one-time supplemental payment shall be equal to the monthly payment received by the recipient in the month of June 2026, not to exceed $1,000; APPROPRIATION; EMERGENCY.
Urge the Legislative Research Commission to direct the Legislative Oversight and Investigations Committee to investigate the misuse of state resources in the executive branch and provide a report of its findings by December 1, 2026, to the Commission.
Amend KRS 141.433 to allow amounts received as repayment on a qualified low-income community investment and reinvested in another qualified low-income community investment during the same calendar year to be considered continuously held; amend KRS 141.434 to increase the cap on total New Markets Development Program tax credits from $10 million to $20 million in each fiscal year.
Create a new section of KRS Chapter 6 to define "fiscal note"; require fiscal notes to be filed with the clerk in the chamber of the General Assembly for each bill or resolution that is filed; establish requirements related to fiscal notes for the director of the Legislative Research Commission; require fiscal notes to contain specific information; amend KRS 6.950, 6.955, 6.960, 6.965, and 6.970 to rename fiscal note to local government mandate statement; amend KRS 13A.190, 13A.230, 13A.250, 13A.280, and 13A.320 to rename fiscal note to fiscal note on state and local government.
Create a new section of KRS Chapter 65 to prohibit any local government from entering into any future collective bargaining agreement; grandfather existing collective bargaining rights; amend KRS 160.160, relating to local boards of education, to prohibit any board of education from entering into any future collective bargaining agreement; grandfather existing collective bargaining rights; amend KRS 304.48-250 and 304.50-055 to make technical changes; amend various other sections to remove references to collective bargaining; repeal various sections of the Kentucky Revised Statutes; amend various sections of the Kentucky Revised Statutes to conform; provide that the Act may be cited as the Taxpayer Protection Act; EMERGENCY.
HB 792 makes a technical correction to Kentucky law regarding the Tobacco Master Settlement Agreement Fund. The bill amends the existing statute to clarify how funds from the tobacco settlement should be deposited into the Rural Development Fund, which supports agricultural development for Kentucky residents. The amendment ensures that 50% of tobacco settlement proceeds are properly allocated to this fund and establishes requirements for the Rural Development Board to create a strategic plan, submit annual reports, and undergo regular audits. This change does not alter the fund's purpose but corrects procedural details in the legal framework governing its administration.
Amend KRS 139.010 to define "diaper"; amend KRS 139.480 to exempt all diapers from the sales and use tax; make technical corrections; EFFECTIVE August 1, 2026.
Direct the Legislative Research Commission to establish the Property Tax Relief Task Force to study and review the taxation of property and make policy recommendations to address affordability issues; require the task force to seek input from other groups in the development of policy recommendations and strategies; outline task force membership; require the task force to meet monthly during the 2026 Interim; require the task force to submit its findings and recommendations to the Legislative Research Commission by December 1, 2026.
This bill amends Kentucky law to make a technical correction to the definition and administration of the state's Economic Development Fund. It clarifies how the fund is funded through bonds or appropriations and outlines specific criteria for selecting projects, including job creation potential, public involvement, and investment amounts. The bill requires applicants to submit detailed commitments about job projections and investment breakdowns before receiving funding, and it establishes a process for reviewing projects through state committees. Additionally, it ensures that funds do not lapse at the end of each budget cycle and mandates annual public reporting on fund usage and repayment status.
Tags
Economic Development