Kentucky House Bill 388 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 14 2013 - 25% progression, died in committee
Action: 2013-02-19 - reassigned to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Create a new section of KRS Chapter 61 to create the Kentucky Retirement Systems unfunded liability trust fund; amend KRS 138.140 to impose an additional 50-cents surtax on each pack of cigarettes, increase the excise tax on other tobacco products to 30 percent, increase the excise tax on snuff to 38 cents per unit, and provide that revenues from the additional surtax on cigarettes and the increased excise tax on other tobacco products and snuff be deposited in the Kentucky Retirement Systems unfunded liability trust fund; amend KRS 138.130 and 138.195 to conform.

AN ACT relating to the Kentucky Retirement Systems unfunded liability trust fund and making an appropriation therefor.

Rep. David Watkins [D]

Rep. Charles Miller [D]

Date	Chamber	Action
2013-02-19	House	reassigned to Appropriations & Revenue (H)
2013-02-15	House	to State Government (H)
2013-02-14	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/13RS/HB388.htm
Text	http://www.lrc.ky.gov/record/13RS/HB388/bill.doc