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HB 611 (2014) -  Rural Areas of Opportunity

General Bill by Beshears
Rural Areas of Opportunity: Increases value of tax credits for certain eligible businesses; provides additional tax credit for certain businesses located within rural area of opportunity; authorizes certain eligible businesses to apply for ad valorem tax reimbursement in specified amount; provides for sales tax refund for certain eligible businesses; increases maximum amount of grant funds that regionally based economic development organizations may receive from DEO; deletes provision that caps tax refund amount for certain qualified target industry business tax refund applicants; exempts certain businesses from requirement that tax refunds be reduced in absence of specified amount of local financial support; revises definition of term "rural enterprise zone" to include rural areas of opportunity; specifies that rural area of opportunity shall be designated as rural enterprise zone; renames "rural areas of critical economic concern" as "rural areas of opportunity."
Effective Date: July 1, 2014
Last Event: Died in Economic Development & Tourism Subcommittee; companion bill(s) passed, see CS/HB 7023 (Ch. 2014-218) on Friday, May 2, 2014 10:39 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1116 Subject: Rural Areas of Opportunity Relationship: Similar
Bill #: CS/HB 7023 Subject: Economic Development Relationship: Compare
Bill #: CS/CS/SB 1634 Subject: Department of Economic Opportunity Relationship: Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Development & Tourism Subcommittee; companion bill(s) passed, see CS/HB 7023 (Ch. 2014-218) Time: 05/02/2014 - 10:39 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/04/2014 - 11:50 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 01/27/2014 - 5:35 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 01/27/2014 - 5:35 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Subcommittee Time: 01/27/2014 - 5:35 PM Member: Committee: Finance & Tax Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 01/27/2014 - 5:35 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 01/15/2014 - 2:03 PM Member: Beshears Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
125.271 SB 1116, CS/CS/SB 1634, CS/HB 7023
163.3177 HB 395, CS/HB 703*, SB 1116, SB 1314, CS/CS/SB 1634, CS/HB 7023
163.3187 SB 934, SB 1116, CS/CS/SB 1634, CS/HB 7023, HB 7129
163.3246 SB 934, SB 1116, CS/CS/SB 1634, CS/HB 7023, HB 7129
211.3103 SB 1116, CS/CS/SB 1634, CS/HB 7023
212.098 SB 1116, HB 1209, SB 1422, CS/CS/SB 1634, CS/HB 7023
218.67 SB 1116, CS/CS/SB 1634, CS/HB 7023
288.018 SB 1116, CS/CS/SB 1634, CS/HB 7023
288.065 SB 1116, CS/CS/SB 1634, CS/HB 7023
288.0655 SB 1116, CS/CS/SB 1634, CS/HB 7023
288.0656 SB 938, SB 1116, CS/CS/SB 1634, CS/HB 7023, HB 7133
288.106 SB 1116, HB 1209, SB 1422
288.1088 SB 1116, CS/CS/SB 1634, CS/HB 7023
288.1089 SB 1116, CS/CS/SB 1634, CS/HB 7023
290.004 SB 1116
290.0055 SB 1116, CS/CS/SB 1634, CS/HB 7023
290.0065 SB 1116
339.2819 SB 1116, CS/CS/SB 1634, CS/HB 7023
339.63 SB 1116, CS/CS/SB 1634, CS/HB 7023
373.4595 SB 1116, CS/CS/SB 1634, CS/HB 7023
380.06 HB 241, CS/SB 372, SB 1116, CS/CS/SB 1634, CS/HB 7023
380.0651 SB 1116, SB 1348, CS/CS/SB 1634, CS/HB 7023
985.686 SB 1116, SB 1532, CS/CS/SB 1634, HB 5305, CS/HB 7023
1011.76 SB 1116, CS/CS/SB 1226, CS/CS/SB 1634, CS/HB 7023, HB 7031

(*) Not the latest version