Kentucky House Bill 483 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 10 2022 - 25% progression, died in committee
Action: 2022-02-10 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Amend KRS 143A.010 to redefine "processing" to include the act of loading or unloading limestone that has not otherwise been severed or treated in the Commonwealth; amend KRS 143A.035 to allow a credit for substantially identical severance or processing taxes paid to another state or political subdivision thereof; provide that a taxpayer may not claim a total amount of credit that exceeds the taxpayer's tax liability; allow the Department of Revenue to report tax credit information to the Legislative Research Commission; amend KRS 131.190 to authorize the release of information from the Department of Revenue; EFFECTIVE August 1, 2022.

AN ACT relating to the natural resources severance and processing tax.

Rep. Jason Nemes [R]

Rep. Suzanne Miles [R]

Date	Chamber	Action
2022-02-10	House	to Committee on Committees (H)
2022-02-10	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb483.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb483/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/22RS/hb483/LM.pdf