25RS HB 2

House Bill 2

Actions

Last Action	01/10/25: to Committee on Committees (H)
Title	AN ACT relating to the taxation of currency and bullion currency and declaring an emergency.
Bill Documents	Introduced
Bill Request Number	1092
Sponsors	T. Roberts, J. Petrie, J. Bray, J. Calloway, D. Elliott, J. Hodgson, C. Massaroni, D. Meade , S. Miles, D. Osborne, M. Proctor, F. Rabourn, S. Rudy
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 commission 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