House Bill 351

Last Action 02/05/20: posted in committee
Title AN ACT relating to revenue measures and declaring an emergency.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 108
Sponsor S. Rudy
Summary of Original Version Amend KRS 138.130 to define terms for taxes on tobacco products; amend KRS 138.140 to increase the surtax on cigarettes and the excise tax on chewing tobacco, snuff, and tobacco products effective July 1, 2020; impose an excise tax on vapor products effective July 1, 2020; remove exemption for modified risk tobacco products; amend KRS 138.143 to impose a floor stock tax on cigarettes, all forms of tobacco products, and vapor products; amend KRS 141.0401 to increase the minimum limited liability entity tax to $225, currently $175; apply increase in limited liability entity tax to taxable years beginning on or after January 1, 2020; EMERGENCY.
Index Headings of Original Version Fiscal Note - Tobacco products tax, increase
Effective Dates, Emergency - Tobacco taxes, increase
Taxation - Cigarette tax, increase
Taxation - Limited liability entity tax, increase
Taxation - Tobacco products tax, increase
Taxation - Vapor products tax, impose
Taxation, Income--Corporate - Limited liability entity tax, increase
Tobacco - Cigarette tax, increase
Tobacco - Tobacco products tax, increase


  • introduced in House
  • to Appropriations & Revenue (H)
  • posted in committee

Last updated: 2/14/2020 1:51 PM (EST)
To receive notice when the record is updated follow @LRCTweetBot.