KY HB470 | 2020 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 21 2020 - 25% progression, died in committee
Action: 2020-02-24 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 21 2020 - 25% progression, died in committee
Action: 2020-02-24 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 65 to define "base restaurant tax receipts," "merged governments" and " nonhighway transportation infrastructure"; grant any city, county, or merged government the right to levy a restaurant tax, subject to certain limitations; allow cities, counties, and merged governments levying a restaurant tax after the effective date to distribute at least 25 percent of revenues generated to the tourist and convention commission; specify uses; allow a consolidated local government levying the tax the option of distributing revenues to the tourist and convention commission; specify uses; make provisions for cities within a county containing a consolidated local government that has not formed its own tourist and convention commission; make provisions for cities that levied the restaurant tax prior to the effective date to distribute restaurant tax revenues; establish uses for revenue distributed to tourist and convention commissions; establish protocols for crediting when cities and counties, in counties with merged governments and without, both charge a restaurant tax; exempt restaurants subject to the tax from certain local occupational license taxes; mandate that any new tax or rate take effect at the beginning of any calendar month; amend KRS 153.460 to remove the ability of a fiscal court in counties containing cities of the first class or consolidated local government from levying a gross receipts tax on restaurants in the county; amend KRS 67.938 and 91A.390 to conform; repeal KRS 91A.400.
Title
AN ACT relating to resources for local development.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-02-24 | House | to Appropriations & Revenue (H) |
2020-02-21 | House | introduced in House |
Subjects
Charter County Government
Cities
Consolidated Local Governments
Counties
Counties, Urban
Economic Development
Interlocal Cooperation
Local Government
Local Mandate
Parks and Shrines
Taxation
Tourism
Unified Local Governments
Cities
Consolidated Local Governments
Counties
Counties, Urban
Economic Development
Interlocal Cooperation
Local Government
Local Mandate
Parks and Shrines
Taxation
Tourism
Unified Local Governments