| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the taxation of the distilled spirits industry. |
| Bill Documents |
Bill
|
| Bill Request Number | 1055 |
| Sponsors | D. Butler, J. Kay, D. Floyd, J. Adams, K. Bratcher, D. Butler, R. Crimm, B. Damron, J. DeCesare, B. DeWeese, J. Donohue, M. Dossett, K. Flood, D. Horlander, J. Jenkins, K. King, A. Koenig, M. Marzian, R. Meeks, S. Miles, C. Miller, T. Mills, B. Montell, D. Osborne, S. Overly, D. Owens, R. Palumbo, J. Richards, S. Riggs, S. Santoro, A. Simpson, D. St. Onge, T. Thompson, B. Waide, R. Webber, S. Westrom, A. Wuchner |
| Summary of Original Version | Create a new section of KRS Chapter 141 to allow a distilled spirits income tax credit equal to the amount of distilled spirits ad valorem tax timely paid and used for capital improvements at the premises of the distiller; provide for recapture of the tax credit if the capital improvement is sold or otherwise disposed of prior to the useful life of the asset being exhausted; apply to taxable years beginning on and after January 1, 2015; amend KRS 141.0205 to order the credit. |
| Index Headings of Original Version |
Economic Development - Distilled spirits industry, tax credits for Taxation - Income tax, distilled spirits credit, create Taxation, Income--Corporate - Distilled spirits credit, create Taxation, Income--Individual - Distilled spirits credit, create Alcoholic Beverages - Distilled spirits industry, tax credits for |
| 03/04/14 |
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|---|---|
| 03/05/14 |
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Last updated: 8/27/2019 6:52 PM (EDT)