KY HB363 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 14 2017 - 25% progression, died in committee
Action: 2017-02-21 - reassigned to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 14 2017 - 25% progression, died in committee
Action: 2017-02-21 - reassigned to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
Amend KRS 143A.010 to amend 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 other sections to conform; EFFECTIVE AUGUST 1, 2017.
Title
AN ACT relating to the natural resources severance and processing tax.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-02-21 | House | reassigned to Appropriations & Revenue (H) |
2017-02-15 | House | to Natural Resources & Energy (H) |
2017-02-14 | House | introduced in House |