House Bill 26

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Last Action 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 102
Sponsors S. Miles, J. Nemes
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, 2018.
Index Headings of Original Version Effective Dates, Delayed - Natural resources severance tax, August 1, 2018
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"
Fiscal Note - Natural resources severance tax, credit for taxes paid to another state
Local Mandate - Natural resources severance tax, credit for taxes paid to another state

Actions

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06/29/17
  • Prefiled by the sponsor(s).
01/02/18
  • introduced in House
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:00 PM (EST)