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Title
AN ACT relating to economic fiscal matters.
Summary of Original Version
Create new sections of KRS Chapter 7A to establish the Tax Expenditure and Economic Development Incentive Review Board and specify the board's membership, authority, powers and duties; establish requirements for board meetings; establish requirements for when the General Assembly enacts new tax expenditures or economic development incentives; require agencies to assign taxpayers a unique number for purposes of reporting tax expenditures and economic development incentives; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure and economic development incentive from the general fund and road fund; amend KRS 131.020 to require the Department of Revenue to collect, report, and provide data to the Tax Expenditure and Economic Development Incentive Review Board; amend KRS 131.190 to allow the Department of Revenue to provide confidential data to the Tax Expenditure and Economic Development Incentive Review Board.
Documents
Introduced .pdf (86.05 KB)
Index Headings of Original Version
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Estimate of revenue loss, tax expenditures and economic development incentives, publication
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Department of Revenue, reporting requirement
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Tax Expenditure and Economic Development Review Board, annual report
Tax Expenditure and Economic Development Incentive Review Board, establishment, duties
Actions
12/09/21
  • Prefiled by the sponsor(s).
01/04/22
  • introduced in House
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