AN ACT relating to revenue and taxation.
     Create 28 new sections of KRS Chapter 138 to establish a multichannel video programming excise tax of 3% of the sales price of any multichannel video programming service that originates or terminates in this state; exclude from the tax governmental entities, churches, and schools; establish a multichannel video programming excise tax fund and a multichannel video programming excise tax local distribution fund to distribute a portion of the multichannel video programming excise tax to participating local governments; establish a multichannel video programming excise tax local distribution fund oversight committee to monitor the local distribution fund and oversee distribution amounts; and specify that any tax savings from the change to this method of tax shall belong proportionately to the customers of the provider; amend KRS 132.010 to modify the definition of real property of companies providing multichannel video programming services; create a new section of KRS Chapter 132 to exempt the personal property of companies providing multichannel video programming services from state and local property tax; amend KRS 136.120 to exempt all providers of multichannel video programming services from the public service company property tax; amend KRS 141.120 to specify how companies providing multichannel video programming services shall allocate and apportion income; provide effective dates for various sections.

     Feb 14-introduced in House
     Feb 15-to Appropriations and Revenue (H)