House Bill 1 brings changes to special taxing districts
Nola Sizemore Staff Writer
In a letter from the Kentucky Department for Local Government (DLG) to the Cumberland Tourism Commission (CTCC), the implementation of House Bill 1 was discussed. Director Tracy Bailey told members during a meeting on Tuesday she is “confident we will be compliant.”
With the passage of House Bill 1, which affects all existing special districts in Kentucky, the bill rewrote the definition of a special district. It is now called a “Special Purpose Governmental Entity (SPGE)” and includes several governmental or quasi-governmental agencies previously not considered special districts.
The DLG and the Kentucky Auditor’s Office have determined the CTCC to be a SPGE.
“We think this is a good thing and we’re going to be in compliance totally,” said Bailey. “This will be good for everyone in the state and will give insight — showing where the money goes.”
Bailey said the commission’s budget reports have “always been submitted to the Harlan Fiscal Court.”
House Bill 1 has been codified into law as KRS 65A. The first thing agencies must do to comply with the new law is to complete and submit a registration form to the DLG by Dec. 31. The only new requirement is the total amount of revenues for the previous year be submitted as part of the new form.
Reach Nola Sizemore at 606-573-4510, ext. 115, firstname.lastname@example.org
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