06RS HB689

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HB 689 (BR 2466) - T. McKee

AN ACT relating to the disposition of taxes collected when no taxes were due.
Amend KRS 134.590 to allow taxpayers paying taxes when no taxes were due to local governments and school districts to waive any refund due and donate the money to the taxing entity in writing; establish that if within 2 years a taxpayer has not responded, that if the taxing entity notifies the taxpayer by certified letter within 60 days of the end of the 2 year period, and the taxpayer still does not respond or responds and donates the money before the end of that period, that the taxing entity may retain the tax money to be used for the purposes of the tax levy; require the local government or school district to refund money when requested within 30 days of the request; set requirements for letter, set requirements for taxing entity; provide that if the taxing entity ceases to exist, or the money collected cannot be used for the purpose stated in the tax levy, that the money is considered unclaimed property.

HB 689 - AMENDMENTS

HCS - Retain original provisions of bill; clarify that the provisions of the bill apply to taxes collected on or after January 1, 2005; clarify that the certified letter for non-responding taxpayers must be sent out no later than 60 days before the end of the taxpayer's 2-year period and include a statement of that time limit notification within the letter itself; delete redundant language in subparagraph 1.; provide that if a local government or school district does not send out the certified letter within the time limits, the tax money still held by the local government or school district will be considered unclaimed property.

     Feb 24-introduced in House
     Feb 27-to Local Government (H)
     Mar 3-posted in committee
     Mar 7-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 8-2nd reading, to Rules
     Mar 9-posted for passage in the Regular Orders of the Day for Friday, March 10, 2006
     Mar 14-taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (H)

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