House Bill 298

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the natural resources severance and processing tax.
Bill Documents Bill
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"

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01/30/14
  • introduced in House
02/03/14
  • to Appropriations & Revenue (H)


Last updated: 8/27/2019 6:52 PM (EDT)