KY HB522 | 2014 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 1)
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 138.511 to define "advance deposit account wagering," "advance deposit account wagering licensee," "commission," "handle," "Kentucky resident," and "takeout"; create a new section of KRS 138.510 to 138.550 to impose a tax of one-half of one percent on amounts wagered through advance deposit wagering account licensees by Kentucky residents, effective August 1, 2014; amend KRS 138.530 to require the tax to be remitted weekly and to specify distribution of tax revenue; amend KRS 138.550 to specify penalty for failure to remit tax.
Title
AN ACT relating to the taxation of advance deposit wagering licenses and making an appropriation therefor.
Sponsors
| Rep. Larry Clark [D] |
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/HB522.htm |
| Text | http://www.lrc.ky.gov/record/14RS/HB522/bill.doc |
| Supplement | http://www.lrc.ky.gov/record/14RS/HB522/FN.doc |
