KY HB205 | 2012 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Democrat 16-5)
Status: Introduced on January 4 2012 - 25% progression, died in committee
Action: 2012-01-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Summary

Amend KRS 139.531 to exempt from sales and use tax sales of machinery, machinery attachments, repair parts, replacement parts, feed and feed additives, water, farm chemicals, on-farm equine facilities, fuel to operate machinery, seed and commercial fertilizer, if the property is purchased by a person regularly engaged in the occupation of breeding, raising, training, racing, or exhibiting equine as a business and the property is exclusively and directly used in that occupation; amend KRS 139.470 to conform. EFFECTIVE August 1, 2012.

Tracking Information

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Title

AN ACT relating to sales and use taxes.

Sponsors


History

DateChamberAction
2012-01-05 to Appropriations & Revenue (H)
2012-01-04 introduced in House

Kentucky State Sources


Bill Comments

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