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Kentucky · 2025 Regular Session · Bill

HB 243: AN ACT relating to review of financial incentives.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 243 is a bill introduced in the Kentucky House on February 4, 2025. According to its official title, it concerns: AN ACT relating to review of financial incentives. Most recent recorded action (February 7, 2025): to Appropriations & Revenue (H).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Create new sections of KRS Chapter 7A to establish the Financial Incentive Review Committee; define terms; specify committee membership, authority, powers and duties; establish requirements for meetings; establish requirements for how the General Assembly shall enact new financial incentives; require agencies to assign a unique identification number for purposes of reporting financial incentives; amend KRS 11.068 to require the annual production of a detailed estimate of the revenue loss resulting from each tax expenditure 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 committee; amend KRS 131.190 to allow the Department of Revenue to provide confidential data to the committee; amend KRS 148.522 to require the Tourism, Arts and Heritage Cabinet to collect, report, and provide data to the committee; amend KRS 154.12-210 to require the Cabinet for Economic Development to collect, report, coordinate, and provide data to the committee; amend KRS 246.030 to require the Department of Agriculture to collect, report, coordinate, and provide data to the committee.

Sponsors

NameRolePartyChamberDistrict
No sponsor recorded in source data.

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. to Appropriations & Revenue (H)
  2. to Committee on Committees (H)
  3. introduced in House

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source