Kentucky House Bill 78 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 5 2010 - 25% progression, died in committee
Action: 2010-01-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Amend various sections of KRS Chapter 139 to expand the sales and use tax base to include certain services, rental of commercial real estate, and the sale, rental, or lease of shelf space or any other area to display a product; repeal certain exemptions and lower the sales and use tax rate from 6% to 5.5%; create a new section of KRS Chapter 141 to apply the provisions of that chapter to taxable years beginning before January 1, 2011; amend KRS 141.020, 141.040, and 141.0401 to make the individual income tax, corporation income tax, and the limited liability entity tax effective for taxable years beginning before January 1, 2011; amend KRS 138.358 and various sections of KRS Chapter 139 to conform; repeal KRS 139.486; EFFECTIVE July 1, 2010, EMERGENCY.

AN ACT relating to taxation and declaring an emergency.

Rep. William Farmer [R]

Date	Chamber	Action
2010-01-05		to Appropriations & Revenue (H)
2010-01-05		introduced in House
2010-11-04		To: Interim Joint Committee on Appropriations and Revenue

Type	Source
Summary	http://www.lrc.ky.gov/record/10RS/HB78.htm
Text	http://www.lrc.ky.gov/record/10RS/HB78/bill.doc