Kentucky
General Assembly

Search

House Bill 2

Actions | Amendments

Last Action	03/12/25: to Rules (H)
Title	AN ACT relating to the taxation of currency and bullion currency and declaring an emergency.
Bill Documents	Current Introduced
Fiscal Impact Statement	Additional Fiscal Impact Statements Exist
Bill Request Number	1092
Sponsors	T. Roberts, J. Petrie, A. Bowling, J. Branscum, S. Bratcher, J. Bray, J. Calloway, J. Decker, D. Elliott, C. Freeland, D. Gordon, P. Griffee, V. Grossl, D. Hale, J. Hodgson, K. Holloway, T. Huff, DJ Johnson, D. Lewis, C. Massaroni, D. Meade , S. Miles, K. Moser, D. Osborne, M. Proctor, F. Rabourn, S. Rudy, W. Williams
Summary of Original Version	Create a new section of KRS Chapter 139 to create a violation when an official notice published by the secretary of the Finance and Administration Cabinet or the commissioner of the Department of Revenue improperly instructs that taxpayers should continue to collect and remit sales and use tax on currency or bullion currency, allow the taxpayer to file an action for refund in Circuit Court, and entitle the taxpayer to interest, injunctive relief, attorney's fees and costs, and liquidated damages of $1,000 for each day that the violation occurred; RETROACTIVE; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Sales and use tax, currency and bullion currency, tax relief State Agencies - Department of Revenue, currency and bullion currency Taxation - Sales and use, currency and bullion currency, tax relief Taxation, Sales and Use - Currency and bullion currency, tax relief Retroactive Legislation - Sales and use, currency and bullion currency, tax relief, August 1, 2024 Civil Actions - Currency and bullion currency, collection of tax Governor - Sales and use tax, currency and bullion currency, tax relief
Jump to Proposed Amendments	House Committee Substitute 1 with Fiscal Impact Statements Senate Committee Substitute 1 Senate Committee Amendment 1
Votes	Vote History

Actions

Top | Amendments

01/10/25	introduced in House to Committee on Committees (H)
02/04/25	to Appropriations & Revenue (H)
02/18/25	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/19/25	2nd reading, to Rules
02/25/25	posted for passage in the Regular Orders of the Day for Wednesday, February 26, 2025
02/26/25	3rd reading, passed 76-17 with Committee Substitute (1)
02/27/25	received in Senate to Committee on Committees (S)
03/04/25	to Appropriations & Revenue (S)
03/05/25	taken from Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)
03/06/25	taken from Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)
03/12/25	reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) posted for passage in the Regular Orders of the Day for Wednesday, March 12, 2025 3rd reading, passed 30-5-1 with Committee Substitute (1) and Committee Amendment (1-title) received in House to Rules (H)

Proposed Amendments

Top | Actions

Amendment	House Committee Substitute 1
Fiscal Impact Statement	Fiscal Note to House Committee Substitute 1
Summary	Retain original provisions with the following changes: provide for joint and several liability; make various technical corrections; limit retroactivity to apply to provision allowing claims for tax refunds in subsection (2) of Section 1 of the Act; EMERGENCY.
Index Headings	Effective Dates, Emergency - Sales and use tax, currency and bullion currency, tax relief Governor - Sales and use tax, currency and bullion currency, tax relief State Agencies - Department of Revenue, currency and bullion currency Taxation - Sales and use, currency and bullion currency, tax relief Taxation, Sales and Use - Currency and bullion currency, tax relief Retroactive Legislation - Sales and use, currency and bullion currency, tax relief, August 1, 2024 Civil Actions - Currency and bullion currency, collection of tax

Amendment	Senate Committee Substitute 1
Summary	Retain original provisions; require the Department of Revenue to adhere to certain federal income tax filing and payment extensions, limited to individuals and businesses physically located in counties outlined in the Presidential major disaster declaration, designated FEMA-4860-DR-KY, on or before February 14, 2025.
Index Headings	Disasters - Disaster areas, income tax, extension of time, returns, payments State Agencies - Department of Revenue, extension of time, returns, payments Taxation - Income tax, extension of time, returns, payments Taxation, Income--Corporate - Extension of time, returns, payments Taxation, Income--Individual - Extension of time, returns, payments

Amendment	Senate Committee Amendment 1
Sponsor	C. McDaniel
Summary	Make title amendment.
Index Headings	Title Amendments - HB 2/GA

Last updated: 3/13/2025 1:08 AM (EDT)