KY HB548 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 22 2021 - 25% progression, died in committee
Action: 2021-02-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 22 2021 - 25% progression, died in committee
Action: 2021-02-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 143A.010 to change the definition of "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 no taxpayer may claim a total amount of credit that exceeds his or her 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 July 1, 2021.
Title
AN ACT relating to the natural resources severance and processing tax.
Sponsors
Rep. Jason Nemes [R] |
History
Date | Chamber | Action |
---|---|---|
2021-02-22 | House | to Committee on Committees (H) |
2021-02-22 | House | introduced in House |