| Last Action | reassigned to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the natural resources severance and processing tax. |
| Bill Documents | Introduced |
| Impact Statements |
Fiscal Note
Local Mandate |
| Bill Request Number | 1654 |
| Sponsor | S. Miles |
| Summary of Original Version | Amend KRS 143A.010 to amend the definition of "processing" to include the act of loading or unloading limestone that has not otherwise been severed or treated in the Commonwealth; amend KRS 143A.035 to allow a credit for substantially identical severance or processing taxes paid to another state or political subdivision thereof; provide that no taxpayer may claim a total amount of credit that exceeds his or her tax liability; allow the Department of Revenue to report tax credit information to the Legislative Research Commission; amend other sections to conform; EFFECTIVE AUGUST 1, 2017. |
| Index Headings of Original Version |
Effective Dates, Delayed - Natural resources severance tax, August 1, 2017 Minerals and Mining - Natural resources severance tax, definition of "processing" Taxation - Natural resources severance tax, definition of "processing" Taxation, Severance - Natural resources severance tax, credit for taxes paid to another state Taxation, Severance - Natural resources severance tax, definition of "processing" Local Mandate - Natural resources severance tax, definition of "processing" |
| 02/14/17 |
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|---|---|
| 02/15/17 |
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| 02/21/17 |
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Last updated: 1/16/2019 3:02 PM (EST)