House Bill 335 (2010)
House Bill 335 (or BR 1119 2010) was introduced on January 27, 2010 by Representatives Jim Wayne and Arnold Simpson to the 2010 General Assembly.
It is an act relating to the reporting of tax inducements.
House Bill 335 proposes to amend KRS 48.010 to add definitions related to the economic development and tourism project expenditure report; make conforming changes; create a new section in KRS Chapter 48 to require, no later than October 15, 2011, and annually thereafter, the publication of a state economic development and tourism project expenditure report by the Office of State Budget Director and the submission of that report to the Legislative Research Commission; create a new section in KRS Chapter 131 to require the Department of Revenue to provide data to the Office of State Budget Director on development tax expenditures and tax expenditures annually; amend KRS 131.190 to allow the department to disclose the information; create a new section in Subchapter 12 of KRS Chapter 154 to require the submission of data by Cabinet for Economic Development to the Office of State Budget Director; create a new section in KRS Chapter 148 to require the submission of data by the Commerce Cabinet to the Office of State Budget Director.[1]
