Last Action | recommitted to Appropriations & Revenue (H) |
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Title | AN ACT relating to the Kentucky Retirement Systems unfunded liability trust fund and making an appropriation therefor. |
Bill Documents |
Bill
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Impact Statements | Actuarial Analysis |
Bill Request Number | 836 |
Sponsors | B. Yonts, K. Imes |
Summary of Original Version | Create a new section of KRS Chapter 139 to provide that if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states, tax receipts and interest and penalties thereon resulting from the enactment of the federal legislation shall be deposited in the Kentucky Retirement Systems unfunded liability trust fund. |
Index Headings of Original Version |
Actuarial Analysis - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund Retirement and Pensions - Sales and use tax, remote sales, unfunded liability trust fund, appropriate Taxation - Sales and use tax, remote sales, appropriate Taxation, Sales and Use - Remote sales, Kentucky Retirement Systems unfunded liability trust fund Appropriations - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund |
Proposed Amendments |
House Committee Substitute 1 House Committee Amendment 1 |
01/07/14 |
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01/08/14 |
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01/28/14 |
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02/06/14 |
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02/07/14 |
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Amendment | House Committee Substitute 1 |
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Impact Statements | Actuarial Analysis |
Summary | Create a new section of KRS Chapter 139 to require that, if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states, a portion of the tax receipts and interest and penalties thereon resulting from the enactment of the federal legislation be transferred from the general fund to the state-administered retirement systems unfunded liability trust fund; amend KRS 139.570 to increase vendor compensation for timely collecting and remitting sales and use tax, if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states; create a new section of KRS Chapter 61 to establish the state-administered retirement systems trust fund. |
Index Headings |
Actuarial Analysis - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund Retirement and Pensions - Sales and use tax, remote sales, unfunded liability trust fund, appropriate Taxation - Sales and use tax, remote sales, appropriate Taxation, Sales and Use - Remote sales, Kentucky Retirement Systems unfunded liability trust fund Appropriations - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund |
Amendment | House Committee Amendment 1 |
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Sponsor | B. Yonts |
Summary | Make title amendment. |
Index Headings |
Actuarial Analysis - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund Retirement and Pensions - Sales and use tax, remote sales, unfunded liability trust fund, appropriate Taxation - Sales and use tax, remote sales, appropriate Taxation, Sales and Use - Remote sales, Kentucky Retirement Systems unfunded liability trust fund Appropriations - Sales or use tax on remote sales, Kentucky Retirement Systems unfunded liability trust fund |
Last updated: 8/27/2019 6:52 PM (EDT)