Last Action | recommitted to Appropriations & Revenue (H) |
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Title | AN ACT relating to exemptions from local government premium taxes. |
Bill Documents |
Bill
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Impact Statements | Local Mandate |
Bill Request Number | 1182 |
Sponsors | S. Riggs, R. Palumbo |
Summary of Original Version | Amend KRS 91A.080 to exempt from the local government premium fee or tax authorized by this section: surety bonds required by law for public works projects; state government and all units of local government, including school districts; and, self-insured groups whose membership is composed of any political subdivision of the state. |
Index Headings of Original Version |
Local Mandate - Local government premium tax, other political subdivisions, exempt Insurance - Local government premium tax, other political subdivisions, exempt Insurance - Local government premium tax, surety bonds on public projects, exempt Local Government - Premium tax, other political subdivisions, exempt Taxation - Local government premium tax, other political subdivisions, exempt |
Proposed Amendments | House Committee Substitute 1 |
02/03/11 |
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02/04/11 |
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02/07/11 |
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02/16/11 |
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02/17/11 |
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02/24/11 |
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Amendment | House Committee Substitute 1 |
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Impact Statements | Local Mandate |
Summary | Amend Section 1 of the bill to exclude surety bonds required by KRS 45A.435 from the application of the local insurance premium tax; clarify that no license fee or tax imposed under Section 1 of the Act applies to premiums received on policies insuring the Commonwealth of Kentucky. |
Index Headings |
Local Mandate - Local government premium tax, other political subdivisions, exempt Insurance - Local government premium tax, other political subdivisions, exempt Insurance - Local government premium tax, surety bonds on public projects, exempt Local Government - Premium tax, other political subdivisions, exempt Taxation - Local government premium tax, other political subdivisions, exempt |
Last updated: 1/16/2019 3:43 PM (EST)