Bill Request 36

Title AN ACT relating to an increase in tax rates.
Bill Documents Original
Sponsors J. Sims Jr
Summary of Original Version Amend KRS 139.200 to provide for a sales and use tax rate of eight percent (8%) on or after January 1, 2021; amend KRS 139.230 and 139.310 to conform; amend KRS 139.471 to provide a six percent (6%) sales tax rate on property purchased for use in the performance of a lump sum, fixed fee contract, sales made under a fixed fee contract, or sales made under a fixed price contract, if the contracts were executed on or before July 10, 2019; amend 138.460 to provide for a motor vehicle usage tax rate of eight percent (8%) on vehicles purchased on or after January 1, 2021; amend KRS 138.463 to provide for an eight percent (8%) U-Drive-It tax rate for rental and leasehold contracts entered into after January 1, 2021; amend KRS 139.260 and 139.470 to conform.
Index Headings Effective Dates, Delayed - Tax, sales and use, effective January 1, 2021
Taxation - Sales and use tax, increase to eight percent (8%)
Taxation, Sales and Use - Increase to eight percent (8%)

Actions

07/12/19 Prefiled by the sponsor(s).

Last updated: 10/14/2019 1:36 PM (EDT)
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