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HB 516 (BR 1638) - T. Pullin

     AN ACT relating to sales and use tax.
     Amend KRS 139.350 to allow a retailer or lender to claim a deduction for bad debts or claim a refund of the sales or use tax previously reported by the retailer on the unpaid balance due on a private label credit card; allows the bad debt to be determined by various methods if approved by the Department of Revenue; EFFECTIVE January 1, 2016.

     Mar 4-introduced in House
     Mar 5-to Appropriations & Revenue (H)

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