16RS House Bill 518

Actions

Last Action	2nd reading, to Rules
Title	AN ACT relating to sales and use tax.
Bill Documents	Bill
Impact Statements	Fiscal Note Local Mandate
Bill Request Number	1963
Sponsors	R. Meyer, J. Richards, T. Thompson
Summary of Original Version	Amend KRS 139.470 to exempt from sales and use tax building materials, fixtures, or supplies purchased by construction contractors to be used in fulfilling a construction contract with a governmental agency; provide that the exemption applies for a period of four years beginning August 1, 2016, and ending July 31, 2020.
Index Headings of Original Version	Fiscal Note - Sales and use tax, construction contractors, exemption Taxation - Sales and use tax, construction contractors, exemption Taxation, Sales and Use - Construction contractors, exemption Local Mandate - Sales and use tax, construction contractors, exemption

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02/26/16	introduced in House
02/29/16	to Appropriations & Revenue (H)
03/17/16	reassigned to Economic Development (H)
03/24/16	reported favorably, 1st reading, to Calendar
03/25/16	2nd reading, to Rules