Kentucky House Bill 26 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 2 2018 - 25% progression, died in committee
Action: 2018-01-02 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [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 other sections to conform; EFFECTIVE August 1, 2018.

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

Rep. Suzanne Miles [R]

Rep. Jason Nemes [R]

Date	Chamber	Action
2018-01-02	House	to Appropriations & Revenue (H)
2018-01-02	House	introduced in House
2017-06-29	House	Prefiled by the sponsor(s).

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB26.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB26/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB26/LM.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/18RS/HB26/FN.pdf