House Bill 61

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the allocation of severance tax revenues to local governments.
Bill Documents Introduced
Impact Statements Fiscal Note
Local Mandate
Bill Request Number 296
Sponsors J. Gooch Jr., J. Blanton, M. Castlen, M. Hart
Summary of Original Version Amend KRS 42.450 to increase the amount of minerals severance and processing taxes distributed to local governments through the local government economic assistance fund (LGEAF) to 100% of taxes collected, from the current 50%, over a five-year period; amend KRS 42.4582 and 42.4585 to similarly increase the amount of coal severance and processing taxes distributed to local governments through the local government economic development fund and LGEAF to 60% and 40% of taxes collected, from the current 35% and 15%, respectively, over the same five-year period.
Index Headings of Original Version Economic Development - Severance tax revenues, increase distributions to local governments
Local Government - Severance tax revenues, increase distributions to local governments
Minerals and Mining - Severance tax revenues, increase distributions to local governments
Oil and Natural Gas - Severance tax revenues, increase distributions to local governments
Taxation - Severance tax revenues, increase distributions to local governments
Taxation, Severance - Tax revenues, increase distributions to local governments
Budget and Financial Administration - Severance tax revenues, increase distributions to local governments
Cities - Severance tax revenues, increase distributions to local governments
Coal - Severance tax revenues, increase distributions to local governments
Counties - Severance tax revenues, increase distributions to local governments
Fiscal Note - Tax revenues, increase distributions to local governments
Local Mandate - Tax revenues, increase distributions to local governments

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10/25/16
  • Prefiled by the sponsor(s).
01/03/17
  • introduced in House
  • to Appropriations & Revenue (H)


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