KY HB418 | 2011 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 9 2011 - 25% progression, died in chamber
Action: 2011-02-10 - floor amendment (1) filed
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 9 2011 - 25% progression, died in chamber
Action: 2011-02-10 - floor amendment (1) filed
Text: Latest bill text (Draft #1) [MS Word]
Summary
Create a new section of KRS Chapter 141 to allow a distilled spirits credit equal to the amount of distilled spirits ad valorem tax timely paid in the taxable year and used for capital improvements at the premise of the distiller; provide for recapture of the tax credit if the capital improvement is sold or otherwise disposed of prior to the useful life of the asset being exhausted; amend KRS 141.0205 to order the credit; apply to taxable years beginning after December 31, 2012.
Title
AN ACT relating to the taxation of the distilled spirits industry.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-02-10 | floor amendment (1) filed | |
2011-02-10 | to Appropriations & Revenue (H) | |
2011-02-09 | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/11RS/HB418.htm |
Text | http://www.lrc.ky.gov/record/11RS/HB418/bill.doc |