{"data":{"id":"us-ky/krs-11.068","jurisdiction":"us-ky","citation":"KRS 11.068","heading":"Office of State Budget Director -- Organizational units -- Duties, rights, and","body":"responsibilities -- Tax expenditure analysis.\n(1) There is created an agency of state government known as the Office of State Budget\nDirector. The office shall be attac hed for administrative purposes to the Office of\nthe Governor.\n(2) The office shall include the following major organizational units:\n(a) The Office of State Budget Director, headed by the state budget director. The\nstate budget director shall be appointed  by the Governor pursuant to KRS\n11.040 and shall serve, under direction of the Governor, as state budget\ndirector and secretary of the state planning committee. The office shall\ninclude such principal assistants and supporting personnel appointed pursuant\nto KRS Chapter 12 as may be necessary to carry out the functions of the\noffice. The office shall have such duties, rights, and responsibilities as are\nnecessary to perform, without being limited to, the following functions:\n1. Functions relative to the pr eparation, administration, and evaluation of\nthe executive budget as provided in KRS Chapters 45 and 48 and in\nother laws, including but not limited to, capital construction budgeting,\nevaluation of state programs, program monitoring, financial and policy\nanalysis and issue review, and executive policy implementation and\ncompliance;\n2. Continuous evaluation of statewide management and administrative\nprocedures and practices, including but not limited to economic\nforecasting, technical assistance to state ag encies, forms control, and\nspecial analytic studies as directed by the Governor; and\n3. Staff planning functions of the state planning committee and evaluation\nof statewide management and administrative practices and procedures.\n(b) Governor's Office for P olicy and Management, headed by the state budget\ndirector. The state budget director shall maintain staff employed pursuant to\nKRS Chapter 18A sufficient to carry out the functions of the office relating to\nstate budgeting as provided in paragraph (a) of t his subsection and state\nplanning as provided in KRS Chapter 147, review of administrative\nregulations proposed by executive agencies prior to filing pursuant to KRS\nChapter 13A and such other duties as may be assigned by the Governor.\n(c) Governor's Offic e for Policy Research, headed by the state budget director.\nThe Governor's Office for Policy Research shall assist the state budget\ndirector in providing policy research data, information, and analysis to the\nGovernor on public policy issues that impact th e Commonwealth. The state\nbudget director shall identify and direct the research to be completed and\nprovided by the office. The state budget director shall maintain staff employed\nin accordance with KRS Chapter 18A sufficient to carry out the functions of\nthe office.\n(d) Governor's Office for Economic Analysis, headed by the state budget director.\nThe state budget director shall maintain staff employed in accordance with\nKRS Chapter 18A sufficient to carry out the functions of the office. The\nGovernor's Office for Economic  Analysis shall carry out the revenue\nestimating and economic analysis functions and responsibilities, including but\nnot limited to the functions and responsibilities assigned to the Office of State\nBudget Director by KRS Chapter 48. The Governor's Office for Economic\nAnalysis shall perform the tax administrative function of using tax data to\nprovide the Department of Revenue with studies, projections, statistical\nanalyses, and any other information that will assist the Department of\nRevenue in performing its tax administrative functions.\n(3) (a) As used in this subsection, \"tax expenditure\" means an exemption, exclusion,\nor deduction from the base of a tax, a credit against the tax, a deferral of a tax,\nor a preferential tax rate.\n(b) On or before September 1, 2026, and every September 1 thereafter, the Office\nof State Budget Director shall publish on its website detailed estimates of the\ngeneral fund and road fund for the current and next two (2) fiscal years of the\nrevenue loss resulting from tax expenditures.\n(c) The Department of Revenue shall provide assistance and furnish data that is\nnot restricted by KRS 131.190.\n(d) The estimates shall include for each tax expenditure:\n1. The amount of revenue loss;\n2. A citation of the legal authority for the tax expenditure;\n3. The year in which the tax expenditure was enacted; and\n4. The tax year in which the tax expenditure became effective.","path":["KRS Chapter 11"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=56948","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:48:27Z","sha256":"ea826a9f13837838ef296311a5939bcc89157d858dd436ccd4f9d5722372a90f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-11.066","next":"us-ky/krs-11.070"},"notice":"GroundRules: Original legal text. Not legal advice."}