House Bill 521

Actions
Last Action 02/21/24: to Appropriations & Revenue (H)
Title AN ACT relating to motorboats and making an appropriation therefor.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 2003
Sponsor K. Upchurch
Summary of Original Version Create a new section of KRS Chapter 132 to exempt federally documented vessels from property taxation; create new sections of KRS Chapter 235 to establish the waterway usage fee and the distribution of revenue generated from the fee; establish the waterway usage fund; create a new section of KRS Chapter 148 to establish the Kentucky lakes and rivers tourism fund; require grants of money from the fund to go to marinas qualifying through an application process; amend KRS 235.990 to establish a penalty for nonpayment of the waterway usage fee; amend KRS 235.999 and 150.160 to distribute the money collected from the penalty; amend KRS 132.020 and 132.200 to make conforming changes; EFFECTIVE January 1, 2025; APPROPRIATION.
Index Headings of Original Version Effective Dates, Delayed - Waterway usage fee, January 1, 2025
Local Government - Property tax, federally documented boats, tax exemption
State Agencies - Department of Revenue, waterway usage fee, disbursement of funds
Taxation, Property - Federally documented boats, tax exemption
Amusements and Recreation - Motorboats, waterway usage fee
Appropriations - Kentucky lakes and rivers tourism fund
Appropriations - Motorboats, waterway usage fund
Boats and Boating - Motorboats, waterway usage fee
Taxation - Property tax, federally documented boats, tax exemption
Local Mandate - Property tax, federally documented boats, tax exemption
Education, Finance - Property tax, federally documented boats, tax exemption

Actions

Top
02/13/24
  • introduced in House
  • to Committee on Committees (H)
02/21/24
  • to Appropriations & Revenue (H)


Last updated: 9/26/2024 1:37 PM (EDT)