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House Bill 551

Actions | Amendments

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

Actions

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03/04/14	introduced in House
03/05/14	to Local Government (H)
03/06/14	posted in committee
03/20/14	reported favorably, 1st reading, to Calendar with Committee Substitute
03/21/14	2nd reading, to Rules taken from Rules placed in the Orders of the Day floor amendment (1) filed to Committee Substitute, floor amendment (2-title) filed

Proposed Amendments

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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)