Kentucky 2020 Regular Session Status: In Committee

HB 533 — AN ACT relating to tax expenditures.

Last action — to Appropriations & Revenue (H)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

6 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill makes several amendments to the functions and reporting requirements of the Department of Revenue regarding tax incentives and expenditures.

  • KRS 131.030

    the

    Removes unnecessary wording for clarity in the description of departmental functions.

  • KRS 131.030

    heretofore

    Updates language to reflect current terminology, indicating current powers and duties without historical context.

  • KRS 131.030

    powers and duties with reference to assessment or equalization of the assessment of property heretofore exercised or performed by any state board or commission. → powers and duties necessary to consider and settle tax cases under KRS 131.110 and refund claims made under KRS 134.580.

    Clarifies the department's responsibilities, consolidating functions related to tax cases and refund claims.

  • KRS 131.030

    the department shall have all the powers and duties necessary to collect any debts owed to the Commonwealth, or any local government of the Commonwealth, that are referred to the department by an organizational unit or administrative body in the executive branch of state government, as defined in KRS 12.010, the Court of Justice in the judicial branch of state government, and any local government, under KRS 45.237 and 45.241. → the department shall provide, for each taxpayer, by taxable year or period, the amount of each tax incentive received as listed in the Cabinet for Economic Development's electronic database under Section 3 of this Act.

    Introduces new obligations regarding the reporting of tax incentives received by taxpayers.

  • KRS 131.030

    In order for the General Assembly to evaluate the efficiency or effectiveness of tax incentives, the department shall work jointly with the Cabinet for Economic Development to report amounts of tax incentives claimed on returns filed by taxpayers.

    Establishes a cooperative effort between the department and the Cabinet for Economic Development for evaluating tax incentives.

  • KRS 131.030

    The reporting of tax incentives received by taxpayers in prior taxable years or periods shall be reported by the department to the Cabinet for Economic Development by November 1, 2020, and on an ongoing, monthly basis as returns are processed by the department.

    Sets a requirement for ongoing, periodic reporting of tax incentives to enhance accountability.

Action History

  1. to Appropriations & Revenue (H)

  2. introduced in House

Sponsorship breakdown

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0 sponsors · 0 co-sponsors · 138 not signed on

Sponsors (0)

None.

Co-sponsors (0)

None.

Not signed on (138)

138 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What is the current status of HB 533?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 533?
Track HB 533 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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