House Bill 458

Actions | Amendments
Last Action 04/09/19: signed by Governor (KY Acts Ch. 196)
Title AN ACT relating to taxation.
Bill Documents Current/Final
Introduced
Bill Request Number 1426
Sponsor S. Rudy
Summary of Original Version Amend KRS 141.023 to make a technical correction.
Index Headings of Original Version Taxation - Technical correction
Taxation, Income--Individual - Technical correction
Jump to Proposed Amendments House Floor Amendment 1
Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/20/19
  • introduced in House
02/21/19
  • to Appropriations & Revenue (H)
02/26/19
  • posted in committee
03/01/19
  • taken from Appropriations & Revenue (H)
  • 1st reading
  • returned to Appropriations & Revenue (H)
03/12/19
  • taken from Appropriations & Revenue (H)
  • 2nd reading
  • returned to Appropriations & Revenue (H)
03/13/19
  • reported favorably, to Rules
  • taken from Rules
  • placed in the Orders of the Day
  • 3rd reading, passed 91-0
  • received in Senate
  • to Appropriations & Revenue (S)
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)
03/14/19
  • taken from Appropriations & Revenue (S)
  • 2nd reading
  • returned to Appropriations & Revenue (S)
03/28/19
  • reported favorably, to Rules with Committee Substitute (1)
  • posted for passage in the Regular Orders of the Day for Thursday, March 28, 2019
  • Committee Substitute (1) adopted
  • 1st reading, as amended
  • 2nd and 3rd readings dispensed with
  • passed 37-1 with Committee Substitute (1)
  • received in House
  • to Rules (H)
  • posted for passage for concurrence in Senate Committee Substitute (1)
  • floor amendment (1) filed to Committee Substitute
  • House concurred in Senate Committee Substitute (1)
  • floor amendment (1) adopted
  • 1st reading, as amended
  • 2nd and 3rd readings dispensed with
  • passed 74-22 with floor amendment (1)
  • received in Senate
  • posted for passage for concurrence in House floor amendment (1)
  • Senate concurred in House floor amendment (1)
  • Bill passed 33-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/09/19
  • signed by Governor (KY Acts Ch. 196)

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor S. Rudy
Summary Remove provisions related to the sharing of tax credits by taxpayer members of a unitary business group.
Index Headings Taxation - Corporation income, sharing of tax credits, eliminate
Taxation, Income--Corporate - Sharing of tax credits, eliminate

Amendment Senate Committee Substitute 1
Summary Amend KRS 131.190 to clarify the specific documents containing taxpayer information that can be divulged by the Department of Revenue; amend KRS 134.580 to clarify the time period that partners, members, and shareholders have to file certain amended returns; create a new section of KRS Chapter 141 to establish a refund checkoff for the Kentucky YMCA Youth Association; amend KRS 141.039 to allow a deferred tax liability deduction for certain corporations beginning January 1, 2024; amend KRS 141.202 to clarify certain provisions related to a combined report for income tax purposes and allow the sharing of tax credits and net operating loss deductions among members of the unitary business group; amend KRS 132.190 to make conforming changes; create a new section of KRS 136.290 to 136.310 to sunset taxes related to thrifts, savings and loan associations, and savings banks in the same manner that the bank franchise tax was sunset; create a new section of KRS 136.500 to 136.575 to clarify that the local government franchise taxes imposed under KRS 136.575 is not sunset and remains; amend KRS 136.500 to clarify the definition of taxable year; amend KRS 136.505 to eliminate the transition period from bank franchise tax to corporation income and limited liability entity taxes; amend KRS 136.575 to define financial institution and delete outdated language that no longer applies; amend KRS 141.040, 141.0401, 141.206, and 160.637 to make conforming changes; repeal sections 5, 12, 14, 15, 16, 32, 40, 41, 48, and 60 of 2019 Ky. Acts ch. 151 as enacted and direct the Reviser of Statutes that those sections shall not be codified.
Index Headings Taxation - Corporation income, combined report, sharing of tax credits and net operation losses
Taxation - Bank franchise tax, clarify
Taxation - Tourism development program, remove sunset
Taxation, Income--Corporate - Combined report, sharing of tax credits and net operation losses
Taxation, Property - Thrift taxes, sunset of
Taxation, Income--Individual - Refund checkoff, Kentucky YMCA Youth Association

Last updated: 5/10/2019 10:34 AM (EDT)
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