KY HB512 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2016 - 25% progression, died in committee
Action: 2016-03-29 - recommitted to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 26 2016 - 25% progression, died in committee
Action: 2016-03-29 - recommitted to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
Amend KRS 139.495 to exempt from sales and use tax, purchases by any resident, single member limited liability company that is wholly owned by a resident, nonprofit educational, charitable, or religious institution which has qualified for exemption from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and that is disregarded as an entity separate from that institution; EFFECTIVE August 1, 2016.
Title
AN ACT relating to the taxation of disregarded entities.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-29 | House | recommitted to State Government (H) |
| 2016-03-23 | House | 2nd reading, to Rules |
| 2016-03-22 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
| 2016-03-18 | House | posted in committee |
| 2016-02-29 | House | to Appropriations & Revenue (H) |
| 2016-02-26 | House | introduced in House |
