| 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 |
| 02/07/13 |
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|---|---|
| 02/11/13 |
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Last updated: 8/27/2019 7:53 PM (EDT)