KY HB464 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 24 2012 - 25% progression, died in committee
Action: 2012-02-27 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 24 2012 - 25% progression, died in committee
Action: 2012-02-27 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 138.130 to define "financial instrument" and "wholesaler of other tobacco products" and wholesaler of moist snuff"; delete references to "cigarette paper"; amend KRS 138.140 to clarify tax responsibilities of wholesalers and manufacturers of other tobacco products and moist snuff; require invoice itemization for other tobacco products and moist snuff transferred to retailers; amend KRS 138.146 to allow for the sale of tax evidence on a deferred payment basis; require a financial instrument for those purchasing tax evidence on a deferred payment basis; set parameters for the financial instrument; give Department of Revenue authority to make demand on a financial instrument; permit the Department of Revenue to allow tax evidence compensation for resident and nonresident wholesalers and unclassified acquirers; delete outdated tax compensation language; denote requirements for proper itemization of other tobacco products and moist snuff delivered to retailers; amend KRS 138.165 to include other tobacco products and moist snuff in contraband seizure requirements; clarify sale steps for seized vending machines; amend KRS 138.175 to add other tobacco products and moist snuff to goods that may be deemed contraband; amend KRS 138.195 to set the unclassified acquirer annual license fee at $250; allow the department to obtain information and reports electronically; allow for the sale or purchase of untax-paid cigarettes from one licensed wholesaler to another; create a new section of KRS 138.130 to 138.205 to set out circumstances under which a license shall be granted to a person; amend KRS 365.390 to include unclassified acquirers under the enforcement fee requirements; amend KRS 138.205 and 138.990 to make technical changes; deferred payment provisions EFFECTIVE July 1, 2013.
Title
AN ACT relating to tobacco products.
Sponsors
Rep. Fred Nesler [D] |
History
Date | Chamber | Action |
---|---|---|
2012-02-27 | to Appropriations & Revenue (H) | |
2012-02-24 | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/12RS/HB464.htm |
Text | http://www.lrc.ky.gov/record/12RS/HB464/bill.doc |