state laws at your finger tips
in concise, plain language
Legislation watch

2008 House Bill 611: Allow state to avoid certain tax increment financing payments
Introduced by Rep. Robin L. Webb (D) on February 21, 2008 To phase out tax increment financing refund amounts if requests for refund are not filed in a timely manner and to delete provisions requiring funds to be held in an non-interest bearing account.   Official Text and Analysis.
Referred to the House Appropriations and Revenue Committee on February 25, 2008
Reported in the House on February 28, 2008 Favorably, 1st reading, to Calendar.
Passed 95 to 2 in the House on March 6, 2008.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To phase out tax increment financing refund amounts if requests for refund are not filed in a timely manner and to delete provisions requiring funds to be held in an non-interest bearing account.
Received in the Senate on March 7, 2008
Referred to the Senate Appropriations and Revenue Committee on March 11, 2008
Reported in the Senate on March 26, 2008 Favorably, to Rules.
Substitute offered in the Senate on March 26, 2008 To move oversight and responsibility for the state portion of the tax increment financing program from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority and to permit local governments to impose a wage assessment within a development area or local development area.
The substitute passed by voice vote in the Senate on April 2, 2008 To move oversight and responsibility for the state portion of the tax increment financing program from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority and to permit local governments to impose a wage assessment within a development area or local development area.
Passed 34 to 0 in the Senate on April 2, 2008.
    See Who Voted "Yes" and Who Voted "No".
To phase out tax increment financing refund amounts if requests for refund are not filed in a timely manner. The bill also moves oversight and responsibility for the state portion of the tax increment financing program from the Tax Increment Financing Commission to the Kentucky Economic Development Finance Authority and permits local governments to impose a wage assessment within a development area or local development area.
Received in the House on April 15, 2008

Comments