25RS HB 696

House Bill 696

Actions

Last Action	02/19/25: to Committee on Committees (H)
Title	AN ACT relating to motorboats.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	975
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, 2026.
Index Headings of Original Version	Local Mandate - Property tax, federally documented boats, exemption Education, Finance - Property tax, federally documented boats, exemption Effective Dates, Delayed - Waterway usage fee, January 1, 2026 Local Government - Property tax, federally documented boats, exemption State Agencies - Department of Revenue, waterway usage fee, disbursement of funds Taxation - Property tax, federally documented boats, exemption Taxation, Property - Federally documented boats, exemption Amusements and Recreation - Motorboats, waterway usage fee Boats and Boating - Motorboats, waterway usage fee Boats and Boating - Federally documented boats, tax exemption