Kentucky HB 390: AN ACT relating to economic development incentives. Amend KRS 154.32.010 to define "weekly minimum wage"; amend KRS 154.32-020 to require an approved company to pay all new full-time employees whose jobs were created as a result of the economic development project no less than the minimum weekly wage and provide employee benefits for those jobs equal to at least 15% of the minimum weekly wage established by the agreement; amend KRS 154.32-030 to delete all provisions that allow the approved company to receive full incentives if 90% of the job and wage requirements are met upon activation or annual review; amend KRS 154.32-040 to delete a provision that would allow the approved company to receive a reduction in tax incentives for failing to meet job and wage requirements.

Status: To Economic Development & Workforce Investment (H) (as of 2018-02-22)

State: Kentucky · Session: 2018RS · Bill: HB 390

Sponsors: A. Gentry, J. Donohue

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