| Last Action | 01/17/20: to Appropriations & Revenue (S) |
|---|---|
| Title | AN ACT relating to sales and use tax exemptions. |
| Bill Documents | Introduced |
| Bill Request Number | 1198 |
| Sponsor | C. McDaniel |
| Summary of Original Version | Amend KRS 139.480 to exempt from sales and use tax tangible personal property purchased by a person for incorporation into a structure or improvement to real property under a contract with the federal, state, or local government, or a resident, nonprofit educational, charitable, or religious institution; apply to sales made after October 1, 2020, but before October 1, 2024; require the Department of Revenue to report the claimed exemptions to the Interim Joint Committee on Appropriations and Revenue; amend KRS 131.190 to give the department authority to provide the report to the Legislative Research Commission. |
| Index Headings of Original Version |
Local Mandate - Sales and use tax, construction contractor, exemption Local Government - Sales and use tax, construction contractor, exemption Taxation - Sales and use tax, construction contractor, exemption Taxation, Sales and Use - Construction contractor, exemption Reports Mandated - Department of Revenue, sales and use tax exemption, construction contractor |
| 01/15/20 |
|
|---|---|
| 01/17/20 |
|
Last updated: 10/27/2020 12:10 PM (EDT)
To receive notice when the record is updated follow @LRCTweetBot. @LRCTweetBot