House Bill 276

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the taxation of the distilled spirits industry.
Bill Documents Bill
Bill Request Number 1119
Sponsors T. Mills, D. Floyd, J. Adams, R. Crimm, B. Damron, J. DeCesare, B. DeWeese, J. Donohue, D. Graham, J. Greer, D. Horlander, J. Jenkins, K. King, A. Koenig, B. Montell, D. Osborne, R. Palumbo, C. Rollins II, T. Thompson, S. Westrom
Summary of Original Version Create a new section of KRS Chapter 141 to allow a distilled spirits credit equal to the amount of distilled spirits ad valorem tax timely paid in the taxable year and used for capital improvements at the premise of the distiller; provide for recapture of the tax credit if the capital improvement is sold or otherwise disposed of prior to the useful life of the asset being exhausted; apply to taxable years beginning after December 31, 2013; amend KRS 141.0205 to order the credit.
Index Headings of Original Version Taxation - Income tax, distilled spirits credit, establish
Taxation, Income--Corporate - Distilled spirits credit, establish
Taxation, Income--Individual - Distilled spirits credit, establish

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02/07/13
  • introduced in House
02/11/13
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:24 PM (EST)