98RS HB388

HB388

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HB 388/FN (BR 504) - H. Moberly

     AN ACT relating to revenue and taxation.
     Amend KRS 134.810 to delete the provision that delinquent taxes paid within 30 days of becoming delinquent are assessed a 3% penalty; delete the provision that the penalty for delinquent taxes shall be waived if the tax bill is paid within five days of being declared delinquent; reduce the annual interest rate on delinquent motor vehicle property taxes from 15% to 12%; amend KRS 138.460 to provide a purchaser that returns a motor vehicle to a seller within 60 days can receive a refund of motor vehicle usage tax.

HB 388 - AMENDMENTS


     HCA (1, H. Moberly) - Retain the provisions of the original bill except restore original language establishing a 5 day grace period and delete provisions establishing a 1 month grace period.
     SFA (1, K. Nelson) - Amend KRS 141.390 to define "energy resource recovery equipment" and to provide for an income tax credit for energy resource recovery equipment.
     SFA (2, L. Casebier) - Provide that the severance tax on limestone used in manufactured concrete is to be $0.17 per ton of manufactured concrete.
     SFA (3, R. Roeding) - Amend KRS 132.095 to provide that personal property shipped into this state and placed in a warehouse or distribution center pending further shipment out-of-state shall be subject to a state ad valorem tax rate of $0.05 per each $100 of value and shall be exempt from local taxation, other than school districts.

     Jan 22-introduced in House
     Jan 23-to Appropriations and Revenue (H); posted in committee
     Jan 27-reported favorably, 1st reading, to Calendar with Committee Amendment (1)
     Jan 28-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for January 29, 1998
     Feb 2-3rd reading, passed 91-0 with Committee Amendment (1)
     Feb 3-received in Senate
     Feb 4-to Appropriations and Revenue (S)
     Mar 10-reported favorably, 1st reading, to Consent Calendar
     Mar 11-2nd reading, to Rules
     Mar 12-posted for passage in the Consent Orders of the Day for March 16, 1998
     Mar 16-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; floor amendment (1) filed
     Mar 17-floor amendment (2) filed
     Mar 18-floor amendment (3) filed; 3rd reading; floor amendment (3) withdrawn; passed 37-0 with floor amendments (1) and (2)
     Mar 19-received in House; posted for passage for concurrence in House amendments
     Mar 31-recommitted to Appropriations and Revenue (H)


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