Last Action | floor amendment (1) filed to Committee Substitute, floor amendment (2-title) filed |
---|---|
Title | AN ACT relating to local option sales and use taxes. |
Bill Documents |
Bill
|
Bill Request Number | 857 |
Sponsor | T. Thompson |
Summary of Original Version | Create new sections of KRS Chapter 65 to establish the parameters and requirements for the levy of local option sales and use taxes, if a proposed constitutional amendment allowing such a levy is approved; create a new section of KRS Chapter 139 to establish tax administration provisions; provide that the provisions of the Act will be effective on January 1 2015, only if the proposed constitutional amendment is approved by the voters of the Commonwealth at the November 2014 general election; if the proposed amendment is not approved, the Act is void. |
Index Headings of Original Version |
Effective Dates, Delayed - BR 1280 Taxation, Sales and Use - Local option, enabling Consolidated Local Governments - Local option sales and use tax, enabling Cities - Local option sales and use tax, enabling Counties - Local option sales and use tax, enabling |
Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 House Floor Amendment 2 |
03/04/14 |
|
---|---|
03/05/14 |
|
03/06/14 |
|
03/20/14 |
|
03/21/14 |
|
Amendment | House Committee Substitute 1 |
---|---|
Summary | Retain original provisions, except define "residual project" and amend provisions to describe the purpose of residual projects; include vendor compensation for the collection of local option sales and use taxes; clarify provisions relating to the maximum rate that may be imposed in circumstances where there is not local agreement to levy a joint tax; delete satisfaction of outstanding debt as a permissible use of funds in consolidated local governments; provide for gender balance on the community investment commission in a consolidated local government; amend KRS 139.570 to allow for vendor compensation. |
Index Headings |
Effective Dates, Delayed - BR 1280 Taxation, Sales and Use - Local option, enabling Consolidated Local Governments - Local option sales and use tax, enabling Cities - Local option sales and use tax, enabling Counties - Local option sales and use tax, enabling |
Amendment | House Floor Amendment 1 |
---|---|
Sponsor | D. Watkins |
Summary | Provide an earned income tax credit to the individual income tax. |
Index Headings |
Effective Dates, Delayed - BR 1280 Taxation, Sales and Use - Local option, enabling Consolidated Local Governments - Local option sales and use tax, enabling Cities - Local option sales and use tax, enabling Counties - Local option sales and use tax, enabling |
Amendment | House Floor Amendment 2 |
---|---|
Sponsor | D. Watkins |
Summary | Make title amendment. |
Index Headings |
Effective Dates, Delayed - BR 1280 Taxation, Sales and Use - Local option, enabling Consolidated Local Governments - Local option sales and use tax, enabling Cities - Local option sales and use tax, enabling Counties - Local option sales and use tax, enabling |
Last updated: 8/27/2019 6:52 PM (EDT)