98RS HB32


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HB 32/FN/LM (BR 336) - R. Murgatroyd

     AN ACT relating to motor vehicle usage tax.
     Amend KRS 138.470 to provide that transfers from individuals to limited liability companies or transfers to individuals from limited liability companies are exempt from motor vehicle usage tax; effective August 1, 1998.


     HCS/FN/LM - Retain original provisions of the bill; provide that transfers between limited liability companies and corporations are exempt from motor vehicle usage tax if the transfer is made within 6 months from the time the business is incorporated or dissolved.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in House
     Jan 7-to Appropriations and Revenue (H)
     Feb 6-posted in committee
     Feb 17-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 18-2nd reading, to Rules
     Feb 23-posted for passage in the Regular Orders of the Day for February 24, 1998
     Feb 24-3rd reading, passed 92-1 with Committee Substitute
     Feb 25-received in Senate
     Feb 26-to Appropriations and Revenue (S)

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