00RS HB207


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HB 207/LM (BR 910) - P. Marcotte, C. Walton

     AN ACT relating to property taxes.
     Amend various sections of KRS Chapter 132 to repeal the intangible personal property tax, including taxes on money in hand, deposits in financial institutions, shares of stock, notes, bonds, accounts receivable, patents, trademarks, copyrights, licensing or royalty agreements, and tobacco base allotments; amend KRS 132.190 to clarify that the repeal does not apply to corporate or utility taxes under KRS Chapter 136; amend various sections of KRS Chapters 132, 133, 134, and 136 to conform; repeal KRS 132.030, 132.040, 132.043, 132.047, 132.050, 132.060, 132.070, 132.080, 132.090, 132.215, 132.216, 132.490, 132.500, 132.520, and 136.030; make effective for tax assessment years beginning on or after January 1, 2001.

     (Prefiled by the sponsor(s))

     Jan 4-introduced in House; to Appropriations and Revenue (H)

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