KY HB229 | 2012 | Regular Session

Status

Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Engrossed on February 27 2012 - 50% progression, died in committee
Action: 2012-02-29 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Draft #2) [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; 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.

Tracking Information

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Title

AN ACT relating to the taxation of advance deposit account wagering licensees and making an appropriation therefor.

Sponsors


History

DateChamberAction
2012-02-29 to Appropriations & Revenue (S)
2012-02-27 received in Senate
2012-02-24 3rd reading, passed 79-15
2012-02-22 posted for passage in the Consent Orders of the Day for Friday, February 24, 2012
2012-02-22 2nd reading, to Rules
2012-02-21 reported favorably, 1st reading, to Consent Calendar
2012-02-16 posted in committee
2012-01-11 to Appropriations & Revenue (H)
2012-01-09 introduced in House

Kentucky State Sources


Bill Comments

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