Rep. Bart Rowland

Honor the Kentucky Historical Society.

Amend KRS 278.702 to provide that the terms of service for the ad hoc members of the Kentucky State Board on Electric Generation and Transmission Siting end when the merchant electric generating facility for which they were appointed has been constructed and has begun generating electricity for sale; amend KRS 278.704 to include decommissioning requirements within the requirements over which local planning and zoning requirements shall have primacy; remove outdated language; amend KRS 278.706 to require that a decommissioning plan be included in an application for construction of a merchant electric generating facility; establish minimum requirements for a decommissioning plan; require as part of a decommission plan that a bond or similar security be secured to assure that the decommissioning plan is accomplished; establish requirements for how the bond is set and how the beneficiaries of the bond are to be determined; require that certain components of the decommissioning plan be incorporated into the construction certificate applicant's leases with landowners; amend KRS 278.710 to include whether the decommissioning plan complies with the requirements of the Act in the criteria for approval of a construction certificate for a merchant electric generating facility; require a person that has received a construction certificate for a merchant electric generating facility file with the board the copy of the bond or similar security no later than the date that construction commences for the facility; require that an updated copy of the bond or similar security be refiled at least once every five years thereafter; require notice to be filed with the board when the construction of the merchant electric generating facility is complete and has begun producing electricity for sale; require that notice be given of any transaction involving the sale or transfer of ownership of the facility to the board and local officials within five days of finalizing the transaction; require a person who has acquired a merchant electric generating facility to file with the board written consent to assume the obligations in the decommissioning plan for the facility and to adopt or replace the required decommissioning bond; amend KRS 278.718 to provide that an ordinance, permit, or license issued by a local government shall have primacy over the requirements of KRS 278.700 and Sections 2, 3, and 4 of this Act.

Amend KRS 132.485 to require the average trade-in value and not the rough trade-in value or clean trade-in value be used as the standard value of a motor vehicle for property tax purposes; grant tax refunds for tax overpayments; require posting of the tax refund information; apply to motor vehicles assessed or after January 1, 2022; RETROACTIVE; EMERGENCY.

Amend KRS 286.3-380 to include gender-neutral language.

Amend KRS 304.9-170 to exempt applicants with an associate's, bachelors, or master's degree with a concentration in insurance from an institution approved by the commissioner from the prelicensing education and examination requirements; make technical changes.

Establish subtitle 53 of KRS chapter 304 to establish definitions, purpose, and interpretation of Insurance and Related Innovation Sandbox Law; establish director of innovation within the Department of Insurance; establish duties of the director of innovation; establish procedures, parameters, and application process for obtaining a waiver or no-action letter with respect to specified requirements imposed by statute or regulation for insurance-related innovations; establish procedures and parameters for obtaining an innovative insurer license; establish procedures and parameters for reviewing and accepting or rejecting applications, the testing phase of an innovation, and the issuance of extended no-action letters; provide for the confidentiality of certain documents, materials, or other information created, produced, obtained, or disclosed in relation to the subtitle; establish the Kentucky Innovation Council; require the commissioner of insurance and other applicable agencies to adopt uniform procedures, by administrative regulation or cooperation agreement, for the administration of the subtitle; require the commissioner of insurance and other applicable agencies to enter into any interstate innovation compact or memorandum of understanding and cooperation agreement necessary to carry out the purposes of the subtitle; establish procedures and parameters for any interstate innovation compact or memorandum of understanding and cooperation agreement; authorize information sharing with the insurance supervisory official of any state, province, or country; require the commissioner of insurance and any applicable agency to report to the Interim Joint Committee on Banking and Insurance; amend KRS 304.10-030 and 304.10-040 to permit surplus lines insurance to be procured from a domestic surplus lines insurer; amend KRS 304.2-120 to permit licensees to make electronic notices; require notices and orders of the commissioner of insurance be served electronically; amend KRS 304.1-120 and 304.11-030 to conform; amend KRS 91A.080 to exempt sandbox participants and innovative insurers from local government premium tax; amend KRS 154.32-010 to add or modify definitions related to insurance innovators; amend KRS 154.32-020 to allow an insurance innovator to qualify for an economic development project and to include within the allowable incentives the insurance premiums taxes paid to the Commonwealth; make conforming changes and require reporting to the Interim Joint Committee on Appropriations and Revenue; amend KRS 154.32-070 to conform; create new sections of KRS Chapter 136 to allow the insurance innovator tax credit and to order the various tax credits allowable; amend KRS 131.190 to allow reporting on the tax credit data; repeal KRS 304.3-700 to 304.3-735, relating to insurance regulatory sandbox laws; provide that Sections 1 to 15 of Act may be cited as the Insurance and Related Innovation Sandbox Law.

Amend KRS 286.1-440 to include gender-neutral language.

Amend KRS 304.48-080 to remove reference to executive director and insert commissioner in its place.

Amend KRS 304.5-150 to include gender-neutral language.

Designate the Richard and James C. Duncan Memorial Bridge in Metcalfe County.