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HB 245/FN (BR 988) - D. Ford

     AN ACT relating to motor vehicle usage tax.
     Amend KRS 138.470 to clarify the exemption allowed for transfers involving the change in legal form of a business entity; provide exemptions from the motor vehicle usage tax for certain transfers between a grantor, a trust, trust beneficiaries, and other persons; EFFECTIVE August 1, 2010.


     SCS/FN - Retain original provisions; clarify that only personal trusts are eligible for tax exclusion.

     Feb 1-introduced in House
     Feb 2-to Appropriations & Revenue (H)
     Feb 11-posted in committee
     Feb 15-reported favorably, 1st reading, to Consent Calendar
     Feb 16-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, February 18, 2011
     Feb 18-3rd reading, passed 96-0; received in Senate
     Feb 23-to Appropriations & Revenue (S)
     Feb 28-taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
     Mar 1-reported favorably, 2nd reading, to Rules with Committee Substitute as a Consent Bill
     Mar 3-posted for passage in the Consent Orders of the Day for Thursday, March 3, 2011; 3rd reading, passed 37-0 with Committee Substitute ; received in House
     Mar 4-posted for passage for concurrence in Senate Committee Substitute ; House concurred in Senate Committee Substitute ; passed 95-1; enrolled, signed by each presiding officer; delivered to Governor
     Mar 16-signed by Governor

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