House Bill 339

Actions
Last Action 01/30/20: to Appropriations & Revenue (H)
Title AN ACT relating to the natural resources severance and processing tax.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 1412
Sponsors S. Miles, J. Nemes, J. Miller
Summary of Original Version Amend KRS 143A.010 to change the definition of "processing" to include the act of loading or unloading limestone that has not otherwise been severed or treated in the Commonwealth; amend KRS 143A.035 to allow a credit for substantially identical severance or processing taxes paid to another state or political subdivision thereof; provide that no taxpayer may claim a total amount of credit that exceeds his or her tax liability; allow the Department of Revenue to report tax credit information to the Legislative Research Commission; amend KRS 131.190 to authorize the release of information from the Department of Revenue; EFFECTIVE August 1, 2020.
Index Headings of Original Version Effective Dates, Delayed - Natural resources severance tax, August 1, 2019
Minerals and Mining - Natural resources severance tax, processing of limestone, loading or unloading
Taxation - Natural resources severance tax, processing of limestone, loading or unloading
Taxation, Severance - Natural resources severance tax, credit for taxes paid to another state
Taxation, Severance - Natural resources severance tax, processing of limestone, loading or unloading
Reports Mandated - Department of Revenue, natural resources severance tax credit report
Local Mandate - Natural resources severance tax, processing of limestone, loading or unloading

Actions

Top
01/28/20
  • introduced in House
01/30/20
  • to Appropriations & Revenue (H)


Last updated: 4/29/2020 12:16 PM (EDT)
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