HB 139 (BR 185) - T. Riner
AN ACT relating to revenue measures for financing the Kentucky Retirement Systems' unfunded liability.
Amend KRS 138.140 to impose an additional cigarette surtax at a proportionate rate of 40 cents on each 20 cigarettes; deposit moneys into the Kentucky Retirement Systems unfunded liability trust fund; create a new section of KRS Chapter 138 to reenact the cigarette paper tax; amend KRS 138.143 to impose a floor stock tax at 11:59 p.m. on June 30, 2013; allow the floor stock tax to be paid in 3 installments; amend KRS 138.130 to make conforming changes; make effective only if the General Assembly creates the Kentucky Retirement Systems unfunded liability trust fund.
Jan 11-introduced in House
Feb 5-to Appropriations & Revenue (H)