00RS HB892


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HB 892/FN (BR 2409) - G. Stumbo

     AN ACT relating to coal taxes.
     Amend KRS 143.010 to define above-drainage seams, below-drainage seams, and mining ratio; create a new section of KRS Chapter 143 to provide a nonrefundable tax credit against the coal severance tax for coal mined from thin seams or with a high mining ratio; make credit vary between 1.5% and 3.75% of the gross value of mined coal, depending on coal thickness, mining ratio, and sulfur content.


     HCA (1, R. Adkins) - Apply only to new permitted production; for above-drainage seams, apply to coal below 30 inches thick rather than 36 inches; delete credit for surface mining.

     Feb 28-introduced in House
     Feb 29-to Appropriations and Revenue (H)
     Mar 3-posted in committee
     Mar 9-reported favorably, 1st reading, to Calendar
     Mar 10-2nd reading, to Rules; recommitted to Appropriations and Revenue (H)
     Mar 14-reported favorably, to Rules with committee amendment (1) ; posted for passage in the Regular Orders of the Day for Wednesday, March 15, 2000
     Mar 15-3rd reading, passed 94-1 with committee amendment (1)
     Mar 16-received in Senate
     Mar 21-to Appropriations and Revenue (S)
     Mar 24-reported favorably, 1st reading, to Calendar
     Mar 27-2nd reading, to Rules
     Mar 29-posted for passage in the Regular Orders of the Day; 3rd reading, passed 33-0
     Apr 11-received in House; enrolled, signed by each presiding officer, delivered to Governor
     Apr 21-signed by Governor (Acts ch. 478)

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