AN ACT relating to revenue and taxation.
     Amend KRS 132.020 to provide that federally documented vessels not used in the business of transporting persons or property for compensation or hire or for other commercial purposes be taxed at a state rate of $0.015 per $100 of value; amend KRS 132.200 to allow counties, cities, schools, or other taxing districts to exempt federally documented vessels not used in the business of transporting persons or property for compensation or hire from local taxation; provide that the amendments contained in this Act shall apply to property assessed on or after January 1, 1999.

     Feb 11-introduced in House
     Feb 12-to Appropriations and Revenue (H)
     Mar 4-posting waived
     Mar 6-reported favorably, 1st reading, to Calendar
     Mar 9-2nd reading, to Rules
     Mar 10-posted for passage in the Regular Orders of the Day for March 11, 1998
     Mar 12-3rd reading, passed 86-1
     Mar 13-received in Senate
     Mar 16-to Appropriations and Revenue (S)
     Mar 23-reported favorably, 1st reading, to Consent Calendar
     Mar 24-2nd reading, to Rules
     Mar 25-posted for passage in the Consent Orders of the Day for March 26, 1998
     Mar 26-3rd reading, passed 36-0; received in House; enrolled, signed by each presiding officer
     Mar 27-delivered to Governor
     Apr 7-signed by Governor