Bill
Bill > HB2387
KS HB2387
KS HB2387Providing funding for STAR bond districts to replace lost food sales tax revenue, authorizing renovation and construction costs for historic theaters and major amusement parks, including amusement rides, as eligible STAR bond project costs, extending the deadline for the STAR bond report to certain legislative committees, and increasing the financing limit for pay-as-you-go funding for rural redevelopment projects.
summary
Introduced
02/09/2023
02/09/2023
In Committee
03/02/2023
03/02/2023
Crossed Over
03/01/2023
03/01/2023
Passed
Dead
04/30/2024
04/30/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT concerning economic development; relating to STAR bonds; providing funding to replace lost food sales tax revenue for STAR bond districts established prior to December 31, 2022, and modifying the tax increment definition for such districts; authorizing STAR bond project costs for historic theaters and major amusement parks to include certain additional costs; extending the deadline for the report on STAR bonds by the department of commerce to certain legislative committees; increasing the limit of financing without the issuance of special obligation bonds for rural redevelopment projects; amending K.S.A. 12-17,162 and 12-17,169 and repealing the existing sections.
AI Summary
This bill:
1. Provides funding to replace lost food sales tax revenue for STAR bond districts established prior to December 31, 2022, and modifies the tax increment definition for such districts.
2. Authorizes STAR bond project costs for historic theaters and major amusement parks to include certain additional costs, such as the construction or renovation of historic theaters and the purchase of amusement rides.
3. Extends the deadline for the report on STAR bonds by the Department of Commerce to certain legislative committees.
4. Increases the limit of financing without the issuance of special obligation bonds for rural redevelopment projects from $10 million to $25 million.
The bill amends the STAR Bonds Financing Act to provide additional funding and expand eligible project costs, while also increasing the financing limit for rural redevelopment projects.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce, Labor and Economic Development (H)
Last Action
Senate Died in Senate Committee (on 04/30/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://kslegislature.org/li/b2023_24/measures/hb2387/ |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2387_01_0000.pdf |
| House Committee on Commerce, Labor and Economic Development Report | https://kslegislature.org/li/b2023_24/measures/documents/cr_2023_hb2387_h_1373.pdf |
| Analysis - Supplemental Note: As Amended by House Committee | https://kslegislature.org/li/b2023_24/measures/documents/supp_note_hb2387_01_0000.pdf |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_hb2387_00_0000.pdf |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2387_00_0000.pdf |
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