Kentucky
General Assembly

02/22/23	introduced in House to Committee on Committees (H)
02/23/23	to Appropriations & Revenue (H)
03/03/23	taken from Appropriations & Revenue (H) 1st reading returned to Appropriations & Revenue (H)
03/07/23	taken from Appropriations & Revenue (H) 2nd reading returned to Appropriations & Revenue (H)
03/13/23	reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) taken from Rules placed in the Orders of the Day floor amendment (1) filed to Committee Substitute 3rd reading, passed 59-40 with Committee Substitute (1), Floor Amendment (1) and Committee Amendment (1-title)
03/14/23	received in Senate to Committee on Committees (S) taken from Committee on Committees (S) 1st reading returned to Committee on Committees (S) to Appropriations & Revenue (S)
03/15/23	floor amendment (1) filed taken from Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)

Amendment	House Committee Substitute 1
Fiscal Impact Statements	Fiscal Note to House Committee Substitute 1 Local Mandate to House Committee Substitute 1
Summary	Retain original provisions; create a new section of KRS Chapter 65 to authorize cities, counties, and fire protection districts to levy a storage license fee on an owner or proprietor of a bonded warehouse containing distilled spirits and the costs of which are financed by industrial bonds; set requirements for the license fee; create a new section of KRS Chapter 75A to allow an emergency services board that levies an ad valorem tax and provides services to a non-IRB and tax-exempt premises to charge a fee for services rendered; set requirements for the fee; create a new section of KRS Chapter 75 to allow a board of trustees of a fire protection district or subdistrict that levies an ad valorem tax and provides services to non-IRB and tax-exempt premises to charge a fee for services rendered; set requirements for the fee; amend KRS 141.389 to allow the distilled spirits inventory tax credit through taxable year 2033 for taxpayer's owning or possessing less than 25,000 barrels; create a new section of KRS 157.310 to 157.440 to exclude the assessed value on distilled spirits related to the property tax exemption from the calculation for the Support Education Excellence in Kentucky program and the tax rate-setting process for district boards of education.
Index Headings	Fiscal Note - Appropriation, salary increments Distilled Spirits - Premises, city, county, and fire protection district fees Education, Finance - Distilled spirits property tax, SEEK calculation omission Firefighters and Fire Departments - Service charge fee and license fee levy, distilled spirits premises, authorization Taxation - Distilled spirits tax credit allowance, taxpayers with 25,000 barrels or less Taxation - License fee levy, distilled spirits premises, cities and counties, authorization Taxation, Income--Corporate - Distilled spirits tax credit allowance, taxpayers with 25,000 barrels or less Taxation, Income--Individual - Distilled spirits tax credit allowance, taxpayers with 25,000 barrels or less Consolidated Local Governments - License fee levy, distilled spirits premises, authorization Cities - License fee levy, distilled spirits premises, authorization Counties - License fee levy, distilled spirits premises, authorization Counties, Urban - License fee levy, distilled spirits premises, authorization Local Mandate - Distilled spirits tax, license fee levy, distilled spirits premises, authorization

Amendment	House Committee Amendment 1
Sponsor	J. Petrie
Summary	Make title amendment.
Index Headings	Title Amendments - HB 5

Amendment	House Floor Amendment 1
Sponsor	R. Roberts
Summary	Allow the tax credit to apply up to 25,000 barrels of distilled spirts in a bonded warehouse or premises per taxable year and remove ownership and possession requirement.
Index Headings	Distilled Spirits - Income tax credit, taxpayers with 25,000 barrels Taxation - Income tax, credit on distilled spirits inventory, taxpayers with 25,000 barrels Taxation, Income--Corporate - Distilled spirits inventory tax credit, taxpayers with 25,000 barrels Taxation, Income--Individual - Distilled spirits inventory tax credit, taxpayers with 25,000 barrels

Amendment	Senate Floor Amendment 1
Sponsor	J. Higdon
Summary	Retain original provisions that sunset the income tax credit; remove all other provisions; amend KRS 132.140 to set an allowable revenue threshold for property taxes on distilled spirits; exempt state and local ad valorem taxes on distilled spirits associated with the revenues in excess of the allowable amount.
Index Headings	Distilled Spirits - Inventory, property tax exemption Taxation - Property, distilled spirits, exemption Taxation, Property - Distilled spirits, exemption