HB 259 (BR 1194) - J. Kay, S. Overly, D. Osborne, S. Westrom
AN ACT relating to sales and use taxes.
Amend KRS 139.531 to exempt from sales and use tax the sales of machinery, machinery attachments, repair parts, replacement parts, feed and feed additives, water, farm chemicals, on-farm equine facilities except barns, fuel to operate machinery, seed, and commercial fertilizer, if the property is purchased by a person regularly engaged in the occupation of breeding, raising, training, racing, or exhibiting equine as a business and the property is exclusively and directly used in that occupation; amend KRS 139.470 to conform; EFFECTIVE August 1, 2014.
Jan 24-introduced in House
Jan 27-to Appropriations & Revenue (H)