House Bill 261

Actions | Amendments
Last Action 03/02/20: recommitted to Appropriations & Revenue (H)
Title AN ACT relating to technical corrections to various tax statutes and declaring an emergency.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 815
Sponsor S. Rudy
Summary of Original Version Amend KRS 131.183 to clarify that the application of interest does not apply to the addition of tax for estimated tax purposes; amend KRS 131.250 to allow the Department of Revenue to determine which returns, reports, or statements should be electronically filed; amend KRS 133.225 to require certain specific information to be posted on the Department of Revenue's website related to the assessment of property and the property tax calendar; amend KRS 138.220 to clarify when motor fuel dealers are to be notified about a change to the average wholesale price; amend KRS 138.450 and 139.260 to make a technical correction; amend KRS 139.340 and 139.450 to clarify that, once the threshold for sales or transactions is exceeded by a remote retailer or a marketplace provider, the taxpayer must register and collect the tax from the purchaser by the first day of the calendar month that begins no later than 60 days after either threshold is reached; amend KRS 141.039 to make technical corrections; amend KRS 141.0401 to clarify in which circumstances a consolidated return is allowed for the limited liability entity tax; amend KRS 141.044 to restore language permitting interest on refunds to begin after 90 days; amend KRS 141.121 to make technical corrections; amend KRS 141.201 to clarify the specific corporations that are exempt from taxation, that those corporations are not included in the consolidated return, and that by electing to file a consolidated return the group is voluntarily subjecting each member of the affiliated group to the jurisdiction of this state; amend KRS 141.202, 141.205, 141.206, 141.383, and 141.900 to make technical corrections; amend KRS 141.985 to clarify that the application of interest does not apply to the addition of tax for estimated tax purposes; amend KRS 224.50-868 to clarify that the new tire fee of $2 per tire applies to the sale of all tires, not just new motor vehicle tires; repeal KRS 132.550 and 132.635; EMERGENCY.
Index Headings of Original Version Fiscal Note - New tire fee, application of
Effective Dates, Emergency - Taxation, excise, sales and use, income, update of
Environment and Conservation - New tire fee, application of
Motor Vehicles - New tire fee, application of
Taxation - Departmental Web site, public information on property taxes, provision for
Taxation - Estimated tax purposes, interest, application of
Taxation, Income--Corporate - Consolidated returns, exempt corporations, taxation, subject to
Taxation, Income--Corporate - Motor fuel dealers, wholesale price changes, notification
Taxation, Property - Interest on refunds, after 90 days, permission for
Taxation, Property - Limited liability entity tax, consolidated return, circumstances for
Taxation, Sales and Use - Remote retailer or marketplace provider, sales threshold, registration and collection
Technical Corrections - Taxation, excise, sales and use, income, update of
Transportation - New tire fee, application of
Jump to Proposed Amendments House Committee Substitute 1

Actions

Top | Amendments
01/15/20
  • introduced in House
01/17/20
  • to Appropriations & Revenue (H)
01/21/20
  • posted in committee
02/25/20
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/26/20
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 27, 2020
03/02/20
  • taken from the Orders of the Day
  • recommitted to Appropriations & Revenue (H)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Amend KRS 131.183 to clarify that the application of interest does not apply to the addition of tax for estimated tax purposes and no refund shall be made of any estimated tax paid unless a return is filed claiming an overpayment; amend KRS 131.250 to allow the Department of Revenue to determine which returns, reports, or statements should be electronically filed; amend KRS 133.225 to require certain specific information to be posted on the Department of Revenue's website related to the assessment of property and the property tax calendar; amend KRS 138.220 to clarify when motor fuel dealers are to be notified about a change to the average wholesale price; amend KRS 138.450 and 139.260 to make a technical correction; amend KRS 141.039 to make technical corrections; amend KRS 141.0401 to define affiliated group, clarifying which taxpayers are required to be included within a single return for limited liability entity tax purposes; amend KRS 141.044 to restore language permitting interest to be paid on refunds, beginning after 90 days; amend KRS 141.121 to make technical corrections; amend KRS 141.201 to clarify the specific corporations that are exempt from taxation and that those corporations are not included in the consolidated return; amend KRS 141.202, 141.205, 141.206, 141.383, and 141.900 to make technical corrections; amend KRS 141.985 to clarify that the application of interest does not apply to the addition of tax for estimated tax purposes; repeal KRS 132.550 and 132.635; EMERGENCY.
Index Headings Effective Dates, Emergency - Taxation, excise, sales and use, income, update of
Taxation - Departmental web site, public information on property taxes, provision for
Taxation - Estimated tax, interest, application of
Taxation - Motor fuel dealers, wholesale price changes, notification
Taxation, Income--Corporate - Consolidated returns, exempt corporations, clarification of
Taxation, Property - Departmental web site, public information on property taxes, provision for
Taxation, Sales and Use - Remote retailer or marketplace provider, sales threshold, registration and collection
Technical Corrections - HB 261

Last updated: 3/31/2020 9:37 AM (EDT)
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