| 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 |
| 02/13/24 |
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| 02/21/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)