Kentucky
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House Bill 516

Actions | Amendments
Last Action returned to Licensing, Occupations, & Administrative Regulations (S)
Title AN ACT relating to auctions.
Bill Documents Current/Final
Introduced
Impact Statements Fiscal Note
Bill Request Number 1709
Sponsors D. Meade , R. Heath
Summary of Original Version Amend KRS 139.496 to exempt gross receipts from a charity auction July 1, 2017 to July 1, 2021, by a nonprofit civic, governmental, or other nonprofit organization if the proceeds from the auction are used for a specific purpose; Amend KRS 330.020 to include "escrow account" in the definitions; amend KRS 330.032 to require proceeds of real property auctions conducted through collaboration to be placed into the escrow account of the real estate broker; amend KRS 330.040 to remove students from exemptions under KRS 330.030; amend KRS 330.050 to require the Governor to establish the compensation of the members of the Board of Auctioneers; amend KRS 330.060 to remove the board's authority to waive the attainment of a high school diploma for an apprentice licensed before 1985; amend KRS 330.110 to establish the conditions upon which the board may suspend or revoke a license; require licensees to submit to a criminal background check at the board's request; amend KRS 330.130 to prescribe the conditions under which a licensee can appeal the revocation or suspension of a license; allow auctioneers at reserve auctions and without-reserve auctions to establish reasonable, minimum bid increments once an opening bid has been offered; amend KRS 330.192 to conform.
Index Headings of Original Version Licensing - Auctioneers, application requirements for
Occupations and Professions - Auctioneers, application requirements for
Auctioneers - Licensure, requirements for
Fiscal Note - Auctioneers, application requirements for
Proposed Amendments House Floor Amendment 1
House Floor Amendment 2
Votes Vote History

Actions

Top | Amendments
02/17/17
  • introduced in House
02/21/17
  • to Licensing, Occupations, & Admin Regs (H)
02/27/17
  • posted in committee
02/28/17
  • floor amendment (1) filed
03/01/17
  • reported favorably, 1st reading, to Calendar
  • floor amendment (2) filed
03/02/17
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, March 3, 2017
03/03/17
  • 3rd reading, passed 95-0 with floor amendments (1) and (2)
03/06/17
  • received in Senate
  • taken from Committee on Committees (S)
  • 1st reading
  • returned to Committee on Committees (S)
03/07/17
  • to Licensing, Occupations, & Administrative Regulations (S)
  • taken from Licensing, Occupations, & Administrative Regulations (S)
  • 2nd reading
  • returned to Licensing, Occupations, & Administrative Regulations (S)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor D. Meade
Summary Delete KRS 139.496, which deals with sales tax and charitable auctions.
Index Headings Licensing - Auctioneers, application requirements for
Occupations and Professions - Auctioneers, application requirements for
Auctioneers - Licensure, requirements for
Fiscal Note - Auctioneers, application requirements for

Amendment House Floor Amendment 2
Sponsor D. Meade
Summary Create a new section of KRS 205.510 to 205.630 to define “fair market value,” when considered for Medicaid eligibility, to mean an estimate of the value of an asset if sold at the prevailing price at the time it was actually transferred, or the price brought on the property at a public auction conducted by a licensed auctioneer; delete KRS 330.050 and KRS 330.192.
Index Headings Licensing - Auctioneers, application requirements for
Occupations and Professions - Auctioneers, application requirements for
Auctioneers - Licensure, requirements for
Fiscal Note - Auctioneers, application requirements for

Last updated: 1/16/2019 3:02 PM (EST)