Last Action | to Appropriations & Revenue (H) |
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Title | AN ACT relating to the natural resources severance and processing tax. |
Bill Documents |
Bill
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Bill Request Number | 1241 |
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; 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; EFFECTIVE August 1, 2014. |
Index Headings of Original Version |
Effective Dates, Delayed - Natural resources severance tax, August 1, 2014 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" |
01/30/14 |
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02/03/14 |
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Last updated: 8/27/2019 6:52 PM (EDT)