House Bill 78

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to taxation and declaring an emergency.
Bill Documents Bill
Bill Request Number 31
Sponsor B. Farmer
Summary of Original Version Amend various sections of KRS Chapter 139 to expand the sales and use tax base to include certain services, rental of commercial real estate, and the sale, rental, or lease of shelf space or any other area to display a product; repeal certain exemptions and lower the sales and use tax rate from 6% to 5.5%; create a new section of KRS Chapter 141 to apply the provisions of that chapter to taxable years beginning before January 1, 2011; amend KRS 141.020, 141.040, and 141.0401 to make the individual income tax, corporation income tax, and the limited liability entity tax effective for taxable years beginning before January 1, 2011; amend KRS 138.358 and various sections of KRS Chapter 139 to conform; repeal KRS 139.486; EFFECTIVE July 1, 2010, EMERGENCY.
Index Headings of Original Version Effective Dates, Emergency - BR 0031, July 1, 2010
Taxation - Sales and use tax, rate reduction, tax base expansion, certain exemptions repealed
Taxation, Income--Corporate - Repeal, January 1, 2011
Taxation, Income--Individual - Repeal, January 1, 2011
Taxation, Sales and Use - Rate reduction, tax base expansion, exemptions repeal

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10/27/09
  • Prefiled by the sponsor(s).
11/04/09
  • To: Interim Joint Committee on Appropriations and Revenue
01/05/10
  • introduced in House
  • to Appropriations & Revenue (H)


Last updated: 8/28/2019 7:34 AM (EDT)