Last Action | returned to Licensing, Occupations, & Administrative Regulations (S) |
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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 |
02/17/17 |
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02/21/17 |
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02/27/17 |
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02/28/17 |
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03/01/17 |
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03/02/17 |
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03/03/17 |
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03/06/17 |
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03/07/17 |
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Amendment | House Floor Amendment 1 |
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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 |
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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)