Last Action | 04/25/22: signed by Governor (Acts Ch. 238) |
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Title | AN ACT relating to revenue measures. |
Bill Documents |
Acts Chapter 238
Current/Final Introduced |
Bill Request Number | 1836 |
Sponsors | S. Rudy, D. Osborne |
Summary of Original Version | Amend KRS 171.397 to increase the maximum credit a taxpayer may claim to $120,000 for owner-occupied residential property and $10 million with regard to all other property and to allow the tax credit to be transferred to financial institutions that are now taxed under the income tax statutes, instead of the bank franchise tax. |
Index Headings of Original Version |
Taxation - Historic preservation tax credit Taxation, Income--Corporate - Historic preservation tax credit Taxation, Income--Individual - Historic preservation tax credit |
Jump to Proposed Amendments |
Senate Committee Substitute 1 Senate Committee Amendment 1 Senate Floor Amendment 1 Senate Floor Amendment 2 |
Votes | Vote History |
02/28/22 |
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03/07/22 |
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03/10/22 |
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03/11/22 |
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03/15/22 |
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03/16/22 |
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03/21/22 |
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03/29/22 |
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03/30/22 |
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04/14/22 |
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04/25/22 |
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Amendment | Senate Committee Substitute 1 |
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Summary | Delete original provisions; amend KRS 138.146 to increase the compensation allowed to any licensed wholesaler beginning August 1, 2022; amend 2022 RS HB 8/EN to require the reduction conditions to be calculated for fiscal year 2020-2021 and fiscal year 2021-2022 by September 1, 2022; delay the implementation of the electric vehicle charging fee and the electric vehicle ownership fee to January 1, 2024; update the Internal Revenue Code reference date without any exceptions; make technical corrections to the effective dates for the Act. |
Index Headings |
Effective Dates, Delayed - Electric vehicle, charging and ownership fees, January 1, 2024 Taxation - Cigarette tax, wholesaler compensation Taxation - Electric vehicle, charging and ownership fees Taxation - Revenue measures Taxation, Income--Individual - Individual income tax, reduction conditions |
Amendment | Senate Committee Amendment 1 |
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Sponsor | C. McDaniel |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 659/GA |
Amendment | Senate Floor Amendment 1 |
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Sponsor | J. Higdon |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 659/GA |
Amendment | Senate Floor Amendment 2 |
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Sponsor | J. Higdon |
Summary | Remove original provisions; define "peer-to-peer car sharing," "peer-to-peer car sharing company," "peer-to-peer car sharing program," and "U-Drive-It" in KRS 281.010; amend KRS 138.463 to establish a new 6% tax on peer-to-peer car rental companies and add definitions; amend KRS 68.200 to include peer-to-peer car sharing programs and transportation network companies in the local license fee imposition; make conforming changes; EFFECTIVE January 1, 2023. |
Index Headings |
Effective Dates, Delayed - January 1, 2023 Motor Carriers - Peer-to-peer car sharing companies, U-Drive-It certificate, requirement Taxation - Peer-to-peer car sharing, U-Drive-It tax, imposition Taxation - Peer-to-peer car sharing, local license fees, imposition Taxation - Transportation network companies, local license fees, imposition Taxation - Local license fees, peer-to-peer car sharing and transportation network companies, imposition Transportation - Peer-to-peer car sharing, definitions |
Last updated: 2/8/2023 2:57 PM (EST)