House Bill 142

Last Action to Appropriations & Revenue (H)
Title AN ACT relating to taxation.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 1000
Sponsors J. Wayne, R. Smart, K. Flood, D. Graham, J. Jenkins, M. Marzian, R. Meeks, D. Owens, T. Riner
Summary of Original Version Amend KRS 140.130 to decouple from changes to the federal estate tax since 2003; amend KRS 141.010 to provide for a reduction and phase-out of the pension exclusion, establish a cap for itemized deductions, update the Internal Revenue Code reference date, and define "taxpayer"; amend KRS 141.020 to provide for changes to income tax rates; amend KRS 141.0401 to lower the exclusion threshold; amend KRS 141.120 to change apportionment methods to use a "throwback" rule; amend KRS 141.200 to require"combined"reporting for corporations; amend KRS 136.310, 136.530, 141.040, 141.121, 141.205, 141.206, and 141.420 to conform; amend KRS 141.066 to provide for a refundable earned income credit; amend KRS 141.0205 to recognize changes in income tax credits; amend KRS 141.383, 148.544, and 148.546 to make the film industry tax credit nonrefundable and nontransferable; create a new section of KRS 6.905 to 6.935 to require review and sunset of all economic development tax credits; amend KRS 131.190 to allow LRC employees to review selected tax documents; amend KRS 138.210 to set the "floor" price at $2.616 per gallon; amend KRS 138.220 to reduce dealer compensation to 1%; amend KRS 132.020 to make the real property tax rate 12.2 cents per $100, remove the rate adjustment provision, and remove the recall provision; amend KRS 132.200 to clarify the exemption for telephone/TV equipment and pollution control equipment; amend KRS 132.260 to clarify requirements for reporting of rental space for mobile/manufactured homes, private aircraft, and certain boats/vessels; amend KRS 132.010, 132.730, 132.751, 132.810, 132.815, and 132.810 to clarify property tax treatment of manufactured homes; amend KRS 140.300 to clarify the treatment of agricultural valuation on inherited property; amend KRS 217.015 to conform; amend KRS 279.200, 279.530, 279.220, and 139.530 to repeal rural electric and telephone co-op taxes; amend KRS 132.097 and 132.099 to amend the exemption for personal property shipped out of state; amend KRS 139.105, 139.200, 139.220, 139.270, and 139.340 to impose sales tax on selected services; amend KRS 139.470 to remove the exclusion of school tax on telecom services; amend KRS 139.480 to provide an exclusion for combine header wagons and trailers; amend KRS 243.0305 and 243.990 to recognize changes in the distilled spirits case tax; create a new section of KRS 138.130 to 138.205 and amend KRS 138.130, 138.140, 138.143, and 138.195 to change the tax on cigarette rolling papers, to raise the tobacco taxes, and to impose a floor stock tax; amend KRS 65.125, 65.674, 67.862, 67.938, 67A.843, 68.245, 68.248, 82.095, 97.590, 132.018, 132.0225, 132.023, 132.024, 132.027, 132.029, 157.440, 160.470, 160.473, 67C.147, 78.530, and 342.340 to remove the provisions of HB 44 that allow for recall of certain tax rates and make conforming and technical changes; create a new section of KRS 138.510 to 138.550 and amend KRS 138.511, 138.530, and 138.550 to provide for an excise tax on advance deposit wagering; repeal KRS 132.017, 132.025, 132.720, 143A.035, and 243.710; provide that income tax provisions apply for tax years beginning on or after January 1, 2014, estate tax provisions apply for deaths occurring on or after August 1, 2013, sales tax provisions are effective for periods beginning on or after October 1, 2013, property tax provisions are for assessments on and after January 1, 2014, and advance deposit wagering provisions apply to licensees beginning August 1, 2013.
Index Headings of Original Version Distilled Spirits - Wholesale sales tax, remove
Economic Development - Tax credits, provide for sunset of
Gambling - Advance deposit wagering, create an excise tax for
Highways, Streets, and Bridges - Motor fuels tax, adjust computation of
Local Government - Property tax rates, remove recall provisions
Taxation - Advance deposit wagering, create an excise tax for
Taxation - Rural electric co-op taxes, repeal
Taxation - Tax reform, comprehensive
Taxation - Tobacco taxes, increase rate
Taxation, Income--Corporate - Apportionment, apply throwback rule
Taxation, Income--Corporate - Combined reporting, require
Taxation, Income--Corporate - Limited liability entity tax, lower threshold
Taxation, Income--Individual - Earned income tax credit, create
Taxation, Income--Individual - Itemized deductions, limit amount to be claimed
Taxation, Income--Individual - Pension exclusion, reduce and provide for a phase-out
Taxation, Income--Individual - Tax brackets, change
Taxation, Inheritance and Estate - Decouple from the federal tax
Taxation, Property - Assessments, clarify multiple provisions
Taxation, Property - Real property rate, freeze at current rate
Taxation, Property - Recall provisions, repeal
Taxation, Sales and Use - Services, tax selected
Taxation, Severance - Limestone, remove credit for export
Tourism - Tax credits, provide for sunset
Cities - Property tax rates, remove recall provisions
Counties - Property tax rates, remove recall provisions
Local Mandate - Property tax rates, remove recall provisions


  • introduced in House
  • to Appropriations & Revenue (H)

Last updated: 8/27/2019 7:53 PM (EDT)