| Last Action | 01/09/20: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to sales and use tax exemptions. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 888 |
| Sponsor | J. Tipton |
| 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 LRC. |
| Index Headings of Original Version |
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 Local Mandate - Sales and use tax, construction contractor, exemption |
| 01/07/20 |
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|---|---|
| 01/09/20 |
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Last updated: 10/27/2020 12:10 PM (EDT)
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