KY HB516 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 4 2014 - 25% progression, died in committee
Action: 2014-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on March 4 2014 - 25% progression, died in committee
Action: 2014-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 139.350 to allow a retailer or lender to claim a deduction for bad debts or claim a refund of the sales or use tax previously reported by the retailer on the unpaid balance due on a private label credit card; allows the bad debt to be determined by various methods if approved by the Department of Revenue; EFFECTIVE January 1, 2016.
Title
AN ACT relating to sales and use tax.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-05 | House | to Appropriations & Revenue (H) |
| 2014-03-04 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/14RS/HB516.htm |
| Text | http://www.lrc.ky.gov/record/14RS/HB516/bill.doc |
