14RS HB445
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HB445

14RS

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HB 445/FN (BR 1257) - R. Rand

     AN ACT relating to revenue and taxation.
     Amend KRS 131.175 to make technical corrections.

HB 445 - AMENDMENTS


     HCS - Delete existing language; amend KRS 224.50-868 to make the sunset date for the waste tire fee June 30, 2016; amend KRS 138.210 to make the average wholesale price floor be $2.878 per gallon; create a new section of KRS 138.510 to 138.550 to establish a pari-mutuel tax on historical horse racing at 2% of amounts wagered; amend KRS 138.510 to retroactively approve pari-mutuel tax on historical horse racing; amend KRS 138.511 to update definitions; amend KRS 138.530 to specify payment methods for tracks; amend KRS 154A.020 to allow lottery advertising to include specific uses of funds; amend KRS 141.010 and 141.0101 to update the reference date for the Internal Revenue Code to December 31, 2013, and exclude from the update any change to the phase-out income level for itemized deductions; amend KRS 148.544, 148.546, and 141.383 to extend the sunset date of the film industry tax credit to January 1, 2017, and establish a cap of $1 million annually; create a new section of KRS Chapter 173 to retroactively approve tax rates established by library districts; provide non-codified language to state the intent of the library property tax change, to extend the existing fee assessment process used by the Kentucky Infrastructure Authority, to authorize the State Auditor to bill agencies for certain audits, and to permit the Finance Cabinet to sell certain abandoned property; provide for retroactive and emergency application of provisions.
     HCA (1/Title, R. Rand) - Make title amendment.
     HFA (1, J. Hoover) - Remove any change to the minimum value of the average wholesale price of motor fuels.
     HFA (2, R. Rand) - Amend the tax imposition provisions relating to historical horse races to revise the method for calculating the tax due; amend the effective date of the provisions relating to the gas tax to provide that the amendment applies beginning June 1, 2014.
     SCS - Delete existing language; amend KRS 224.50-868 to make the sunset date for the waste tire fee June 30, 2016; amend KRS 141.010 and 141.0101 to update the reference date for the Internal Revenue Code to December 31, 2013, and exclude from the update any change to the phase-out income level for itemized deductions; create a new Section of KRS Chapter 393 and amend KRS 393.068 to establish a process to allow abandoned savings bonds to escheat to the Commonwealth; amend KRS 138.510 to assess a 1.5 percent tax on pari-mutuel wagers on historical horse racing, and to retroactively approve pari-mutuel tax on historical horse racing; amend KRS 138.511 to update definitions; amend KRS 138.530 to specify payment methods for tracks; provide non-codified language to specify the intent in imposing the tax; amend KRS 148.544 and 141.383 to remove the sunset date of the film industry tax credit; create new sections of KRS 171.311 to 171.345 and KRS Chapter 141 to provide for an income tax refund check-off for local history organizations; provide non-codified language to extend the existing fee assessment process used by the Kentucky Infrastructure Authority, to authorize the State Auditor to bill agencies for certain audits, to permit the Finance Cabinet to sell certain abandoned property, and to exclude the imposition of the local insurance license fee on non-profit self insurance groups for local governments; provide for retroactive and EMERGENCY application of provisions.
     CCR - Cannot agree.
     FCCR - Delete all existing language; amend KRS 224.50-868 to make the sunset date for the waste tire fee June 30, 2016; amend KRS 141.010 and 141.0101 to update the reference date for the Internal Revenue Code to December 31, 2013, and exclude from the update any change to the phase-out income level for itemized deductions; create a new Section of KRS Chapter 393 and amend KRS 393.068 to establish a process to allow abandoned savings bonds to escheat to the Commonwealth; amend KRS 138.510, 138.511, 138.530, 138.550 and create new sections of KRS Chapter 138 to assess a 1.5 percent tax on pari-mutuel wagers on historical horse racing, to retroactively approve pari-mutuel tax on historical horse racing; update definitions; specify payment methods for tracks; to provide penalty provisions to create a tax on advance deposit wagering by KY residents; provide non-codified language to specify the intent in imposing the tax; amend KRS 148.544 and 141.383 to remove the sunset date of the film industry tax credit; create new sections of KRS 171.311 to 171.345 and KRS Chapter 141 to provide for an income tax refund check-off for local history organizations; create a new section of KRS Chapter 141 to provide an income tax credit for property tax paid on distilled spirits; amend KRS 141.0205 to recognize new credits created; amend KRS 243.884 to adjust the tax rates on beer and wine; amend KRS 171.396 and create a new section of KRS 171.396 to 171.399 to provide for a change to the certified historic property tax credit; create six new sections of KRS Chapter 154, Subchapter 20, and amend KRS 154.20-255 to create the angel investor program; create a new section of KRS Chapter 141 to provide the angel investor tax credit; amend KRS 141.432, 141.433, and 141.434 to expand the New Markets tax credit; create a new section of KRS 157.611 to 157.623 to provide that unexpended appropriations to the School Facilities Construction Commission are transferred to the Emergency and Targeted Investment Fund; amend KRS 154A.020 to permit lottery advertising that includes programs receiving benefit; provide non-codified language to extend the existing fee assessment process used by the Kentucky Infrastructure Authority, to authorize the State Auditor to bill agencies for certain audits, and to permit the Finance Cabinet to sell certain abandoned property; provide for retroactive and EMERGENCY application of provisions.

     Feb 24-introduced in House
     Feb 25-to Appropriations & Revenue (H)
     Feb 28-posted in committee
     Mar 4-taken from Appropriations & Revenue (H); 1st reading; returned to Appropriations & Revenue (H)
     Mar 5-taken from Appropriations & Revenue (H); 2nd reading; returned to Appropriations & Revenue (H)
     Mar 11-reported favorably, to Rules with Committee Substitute, committee amendment (1-title) ; posted for passage in the Regular Orders of the Day for Wednesday, March 12, 2014; floor amendments (1) and (2) filed to Committee Substitute
     Mar 12-3rd reading; floor amendment (1) defeated ; passed 53-44 with Committee Substitute, committee amendment (1-title), floor amendment (2)
     Mar 13-received in Senate
     Mar 17-to Appropriations & Revenue (S)
     Mar 24-taken from Appropriations & Revenue (S); 1st reading; returned to Appropriations & Revenue (S)
     Mar 25-taken from Appropriations & Revenue (S); 2nd reading; returned to Appropriations & Revenue (S)
     Mar 26-reported favorably, to Rules with Committee Substitute ; posted for passage in the Regular Orders of the Day for Wednesday, March 26, 2014; 3rd reading, passed 31-0-6 with Committee Substitute ; received in House; to Rules (H); posted for passage for concurrence in Senate Committee Substitute ; House refused to concur in Senate Committee Substitute ; received in Senate; to Rules (S); posted for passage for receding from Senate Committee Substitute ; Senate refused to recede from Committee Substitute ; Conference Committee appointed in Senate
     Mar 27-Conference Committee appointed in House
     Mar 31-Conference Committee report filed in House and Senate; Conference Committee report adopted in House and Senate; Free Conference Committee appointed in House and Senate; Free Conference Committee report filed in House and Senate; Free Conference Committee report adopted in Senate; Bill passed 35-3; received in House; Free Conference Committee report adopted in House; Bill passed 91-9; enrolled, signed by each presiding officer; delivered to Governor
     Apr 10-signed by Governor (Acts, ch. 102)

Vote History
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