| Title | AN ACT relating to an increase in tax rates. |
|---|---|
| Bill Documents | Original |
| Sponsors | J. Sims Jr |
| Summary of Original Version | Amend KRS 139.200 to provide for a sales and use tax rate of eight percent (8%) on or after January 1, 2021; amend KRS 139.230 and 139.310 to conform; amend KRS 139.471 to provide a six percent (6%) sales tax rate on property purchased for use in the performance of a lump sum, fixed fee contract, sales made under a fixed fee contract, or sales made under a fixed price contract, if the contracts were executed on or before July 10, 2019; amend 138.460 to provide for a motor vehicle usage tax rate of eight percent (8%) on vehicles purchased on or after January 1, 2021; amend KRS 138.463 to provide for an eight percent (8%) U-Drive-It tax rate for rental and leasehold contracts entered into after January 1, 2021; amend KRS 139.260 and 139.470 to conform. |
| Index Headings |
Effective Dates, Delayed - Tax, sales and use, effective January 1, 2021 Taxation - Sales and use tax, increase to eight percent (8%) Taxation, Sales and Use - Increase to eight percent (8%) |
| 07/12/19 | Prefiled by the sponsor(s). |
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Last updated: 1/6/2020 3:52 PM (EST)
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