2023 Regular Session • Kentucky Legislature
SB39: AN ACT relating to tax increment financing.
Legislative Summary
Amend KRS 154.30-010 for tax increment financing projects to include a calculation for modified new revenues for income tax which will account for future tax rate decreases;provide that this calculation is for state tax revenues received from individual income taxes on or after January 1, 2023, and is for projects approved prior to January 1, 2023.
Bill History
1/4/2023
introduced in Senate
Senate
1/4/2023
to Committee on Committees (S)
Senate
1/5/2023
to Appropriations & Revenue (S)
Senate
Status Information
Current Status
Introduced(1/4/2023)
Chamber
Senate
Committee
Appropriations and Revenue(Senate)
Sine DiePrior Session
