All Taxation Legislation - Kentucky

Create new sections of KRS Chapter 148 to provide individual income tax, corporation income tax, limited liability entity tax, and sales tax incentives for locating a film production facility in Kentucky or filming or producing a motion picture production in Kentucky; define terms; establish qualifications including minimum capital investment and minimum qualifying expenditures and minimum qualifying payroll expenditures, application and reporting requirements; require the Kentucky Film Office to administer the incentive program; authorize the Kentucky Film Office to enter into a film industry tax incentive agreement; authorize the promulgation of administrative regulations by the Kentucky Film Office and the Department of Revenue; create a new section of KRS 141 to create a motion picture film production nonrefundable credits for a new film production facility or renovation of an existing structure to become a film production facility and a motion picture production that is filmed or produced [...]

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Establish KRS Chapter 175B and create 20 new sections thereof to: Provide definitions; establish the Kentucky Public Transportation Infrastructure Authority, specify membership, meeting requirements, staffing, and operations; state the purpose and powers of the authority; direct authority to evaluate potential projects, require that projects be proposed by a local government and approved by the department; permit tolling, establish requirements for level of tolling, direct how proceeds of tolls and other revenues shall be used; permit authority to contract with the department for construction and operations, specify that the authority shall maintain control of projects and revenues from projects; authorize projects constructed by the authority to include interchanges with existing roadways; permit authority to issue administrative regulations, permit public utilities to utilize rights of way under specific circumstances; permit agreements for use of real estate assets of the authority by [...]

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Amend KRS 56.770 to define "cabinet," "high-performance building," "high-performance building standards," and "public building"; amend KRS 56.772, 56.774, 56.775, 56.778, 56.783, and 56.784 to conform; amend KRS 56.775 to require that all construction or renovation of public buildings for which 50% or more of the total capital cost is paid by the Commonwealth be designed and constructed or renovated to meet the high-performance building standards; require that all buildings leased by the Commonwealth or any of its agencies meet the high-performance building standards; require incorporation of ENERGY STAR-qualified products to the extent feasible; create a new section of KRS 56.770 to 56.784 to create a High-performance Buildings Advisory Committee to make recommendations to the Finance and Administration Cabinet; require the Finance and Administration Cabinet to promulgate administrative regulations and develop standards and criteria; amend KRS 56.782 to require the Finance and Administration [...]

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Establish KRS Chapter 239 and create new sections thereof to establish an infrastructure to manage and oversee casino gaming; establish the Kentucky Gaming Commission and set forth its powers and duties; require the commission to hire an executive director; set forth responsibilities of the executive director and employees of the commission; establish parameters for the issuance of occupational licenses, supplier's licenses, freestanding casino gaming licenses, and racing association gaming licenses; establish parameters for temporary licenses for racing association gaming licensees; establish continuing live racing requirements for racing association gaming licensees; establish conditions of exclusion of individuals from gaming facilities, establish penalties for persons under 21 and for cheating; establish appeal procedures for persons aggrieved by decisions of the commission; establish license fees; provide for an exemption of tangible personal property used in gaming operations from [...]

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Create new sections of KRS Chapter 91A to define "local government," "risk location system or program," and "tax period"; establish the method for the filing of amended returns and requests or assessments by any insurance company, local government, or policyholder for nonpayment, underpayment, or overpayment of any license fees or taxes imposed under Section 5 of this Act and the appeals from the denial or refusal thereof; permit an insurance company that has paid a license fee or tax imposed by a local government to request a refund or credit for any overpayment of the fee or tax or any payment when no tax was due within the time provided; permit any policyholder who has paid to an insurance company a license fee or tax imposed by a local government under Section 5 of this Act to request a refund or credit for an overpayment of a license fee or tax or any payment when no tax was due within the time provided; permit a local government to request the Office of Insurance to conduct an audit [...]

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Create new sections of KRS Chapter 141 to establish railroad infrastructure maintenance and improvement tax credit for Class II and III railroads; set credit at 50 percent of qualified expenditures, with a credit cap of $4,500 per mile of track, and allow credit to be assigned to a shipper using the rails who pays for the improvements; establish a railroad grade crossing improvement tax credit to improve existing rail crossings; set credit at 25 percent of expenditures, with a credit cap of $1,000,000 statewide each year; establish system of prorating credits among railroad companies if more than $1,000,000 of credits are sought; establish a railroad energy expansion tax credit for rail expansion or upgrade of rail facilities to transport fossil or biomass resources; set credit at 25 percent of expenditures, with a credit cap of $1,000,000 statewide each year; establish system of prorating credits among railroad companies if more than $1,000,000 of credits are sought; specify that an expenditure [...]

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Create a new section of KRS 65.7041 to 65.7083 to abolish the Tax Increment Financing Commission and the Office of Tax Increment Financing and to provide for the transfer of all records to the Kentucky Economic Development Finance Authority (KEDFA); establish a new Subchapter 30 of KRS Chapter 154 to move the state tax increment financing program from the Tax Increment Financing Commission to KEDFA; amend KRS 65.7043, 65.7047, 65.7053, 65.7055, 65.7061, 65.7063, and 65.7083 to conform; amend KRS 65.7045 to conform and to add definitions for "previously developed land" and "previously undeveloped land"; amend KRS 65.4049 to clarify the conditions under which previously developed land may qualify to be included in a development area, to clarify the requirements for local findings, and to require that KEDFA confirm the basis for the local findings as part of the application review process; amend KRS 65.7051 to require additional information on development area boundaries; create a new section [...]

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