Last Action | signed by Governor (Acts Chapter 94) |
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Title | AN ACT relating to motor vehicles. |
Bill Documents |
Bill
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Bill Request Number | 1171 |
Sponsors | H. Collins, J. Lee |
Summary of Original Version | Amend KRS 132.020 to clarify that motor vehicles which have been consigned to a licensed motor vehicle dealer for sale and are in the possession of that dealer, although ownership has been retained by the consigner, are to be taxed as goods held for sale in the regular course of business as with all other motor vehicles held for sale in the inventory of a licensed dealer; amend KRS 132.028 to make similar clarification changes for purposes of the property tax levied on business inventories by cities or urban-county governments; amend KRS 132.200 to clarify that motor vehicles which have been consigned to a licensed motor vehicle dealer for sale are exempt from local property taxation as with all other motor vehicles held for sale in the inventory of a licensed dealer, and make technical corrections; amend KRS 134.810 to make conforming changes. |
Index Headings of Original Version |
Motor Vehicles - Consigned to a licensed motor vehicle dealer for sale, clarification of the property taxation of Taxation - Motor vehicles consigned to a licensed dealer for sale, clarification of the property taxation of Taxation, Property - Motor vehicles consigned to a licensed dealer for sale, clarification of the taxation of |
Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
02/11/13 |
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02/12/13 |
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02/14/13 |
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02/19/13 |
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02/20/13 |
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02/22/13 |
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02/25/13 |
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02/27/13 |
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03/05/13 |
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03/06/13 |
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03/07/13 |
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03/12/13 |
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03/22/13 |
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Amendment | House Committee Substitute 1 |
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Summary | Eliminate references to the word "consignment"; instead refer to motor vehicles in the possession of a dealer or auction dealer, for the purposes of sale, where ownership has not been transferred to the dealer. |
Index Headings |
Motor Vehicles - Consigned to a licensed motor vehicle dealer for sale, clarification of the property taxation of Taxation - Motor vehicles consigned to a licensed dealer for sale, clarification of the property taxation of Taxation, Property - Motor vehicles consigned to a licensed dealer for sale, clarification of the taxation of |
Last updated: 8/27/2019 7:53 PM (EDT)