Kentucky House Bill 421 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 19 2019 - 25% progression, died in committee
Action: 2019-02-20 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

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 KRS 131.190 to authorize the release of information from the Department of Revenue; EFFECTIVE August 1, 2019.

AN ACT relating to the natural resources severance and processing tax.

Rep. Suzanne Miles [R]

Rep. Jason Nemes [R]

Date	Chamber	Action
2019-02-20	House	to Appropriations & Revenue (H)
2019-02-19	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/19RS/hb421.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/19RS/hb421/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/19RS/hb421/LM.pdf