| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the natural resources severance and processing tax. |
| Bill Documents |
Bill
|
| Impact Statements | Local Mandate |
| Bill Request Number | 834 |
| Sponsor | S. Riggs |
| Summary of Original Version | Amend KRS 143A.010 to amend the definition of "processing" to include the act of loading or unloading limestone that has not otherwise been severed or treated in the Commonwealth; make technical corrections; amend KRS 143A.035 to allow a credit for substantially identical severance or processing taxes paid to another state or political subdivision thereof; provide that no taxpayer may claim a total amount of credit that exceeds his or her tax liability; make technical corrections; EFFECTIVE August 1, 2013. |
| Index Headings of Original Version |
Effective Dates, Delayed - Natural resources severance tax, August 1, 2013 Minerals and Mining - Natural resources severance tax, amend definition of processing Taxation - Natural resources severance tax, amend definition of processing Taxation, Severance - Natural resources severance tax, allow credit for taxes paid to another state Taxation, Severance - Natural resources severance tax, amend definition of processing Local Mandate - Natural resources severance tax, amend definition of processing |
| 02/05/13 |
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|---|---|
| 02/06/13 |
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Last updated: 8/27/2019 7:53 PM (EDT)