11RS House Bill 267

House Bill 267

Actions

Last Action	posted in committee
Title	AN ACT relating to tobacco products.
Bill Documents	Bill
Impact Statements	Fiscal Note
Bill Request Number	173
Sponsor	F. Nesler
Summary of Original Version	Amend KRS 138.130 to define "financial instrument" and "wholesaler of other tobacco products and snuff"; delete references to "cigarette paper"; amend KRS 138.140 to clarify tax responsibilities of wholesalers and manufacturers of other tobacco products and snuff; require invoice itemization for other tobacco products and snuff transferred to retailers; amend KRS 138.146 to allow for the sale of tax evidence on a deferred payment basis; require a financial instrument for those purchasing tax evidence on a deferred payment basis; set parameters for the financial instrument; give Department of Revenue authority to make demand on a financial instrument; permit the Department of Revenue to allow tax evidence compensation for resident and nonresident wholesalers, and unclassified acquirers; delete outdated tax compensation language; denote requirements for proper itemization of other tobacco products and snuff delivered to retailers; amend KRS 138.165 to include other tobacco products and snuff in contraband seizure requirements; clarify sale steps for seized vending machines; amend KRS 138.175 to add other tobacco products and snuff to goods that may be deemed contraband; amend KRS 138.195 to set the unclassified acquirer annual license fee at $250; allow the department to obtain information and reports electronically; allow for the sale or purchase of untax-paid cigarettes from one licensee to another; create a new section of KRS 138.130 to 138.205 to set out circumstances under which a license shall be granted to a person; amend KRS 365.270 to add unclassified acquirer to "wholesaler" definition; set the presumptive cost of doing business at 3.25 percent; amend KRS 365.390 to include unclassified acquirers under the enforcement fee requirements; amend various sections of the Kentucky Revised Statutes to conform; make technical changes; EFFECTIVE August 1, 2011, and July 1, 2012.
Index Headings of Original Version	Commerce - Cigarette tax evidence, deferred payment of Effective Dates, Delayed - BR 173, August 1, 2011, July 1, 2012 Licensing - Tobacco products, licensees, requirements for Tobacco - Cigarette tax evidence, deferred payment of Tobacco - Tobacco products, licensees, requirements for Taxation - Cigarette tax evidence, deferred payment of Taxation - Tobacco products, licensees, requirements for Fiscal Note - Cigarette tax evidence, deferred payment of

02/01/11	introduced in House
02/02/11	to Appropriations & Revenue (H)
02/11/11	posted in committee