At noon House Transportation committee taking up HB 447 to exempt private jets, planes & helicopters not used for commercial passengers from state &local property taxes. Fiscal note says that would reduce local/school tax revenues by $2.5 million annually. apps.legislature.ky.gov/recorddocument…
This is new: Committee chairman says HB 447 is being taken up as discussion-only and they will NOT be taking a vote on the private jet tax break bill.
Bill sponsor Dixon: Where are all these corporate jets? Simply put, they're not here. This bill will correct that.
Legislation billed as a method to lure job creation in Kentucky.
Legislation billed as a method to lure job creation in Kentucky.
Rep. Dixon said he hasn't seen documentation of the LRC figure that HB 447 would cost $2.5 million in revenue annually.
Dixon making the supply side argument that this will be "game-changer" for airports.
Rep. Westrom (D) sounding supportive of the idea behind the bill.
Dixon says the media reported falsehoods on the bill, without citing what was supposedly false.
Dixon says the media reported falsehoods on the bill, without citing what was supposedly false.
Rep. Heavrin disappointed that HB 447 isn't getting bipartisan support
Rep. Wheatley (D) says perhaps the hyperbole on HB 447 has gotten out of hand.
Rep. Dixon says airplanes are not just for the rich, says Kentuckians across all walks of life own their own plane.
Dixon said aircraft owners "come from all walks of life. School teachers, farmers, doctors, lawyers, everybody."
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