House Bill 529

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


  • introduced in House
  • to Appropriations & Revenue (H)

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