Kentucky House Bill 196 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 6 2011 - 25% progression, died in committee
Action: 2011-01-07 - 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 sales and use tax exemptions; increase the sales and use tax rate from six percent to seven percent; create a new section of KRS Chapter 141 to apply the provisions of Chapter 141 to taxable years beginning before January 1, 2012; 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 tax years beginning before January 1, 2012; and amend KRS 138.358 and various sections of KRS Chapter 139 to conform; repeal KRS 139.486.

AN ACT relating to taxation.

Rep. William Farmer [R]

Date	Chamber	Action
2011-01-07		to Appropriations & Revenue (H)
2011-01-06		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/11RS/HB196.htm
Text	http://www.lrc.ky.gov/record/11RS/HB196/bill.doc