HB 139 (BR 431) - J. Richards
AN ACT relating to intangible property tax.
Amend KRS 132.020 to reduce the tax rate on intangible property from $0.25 per $100 of value to $0.125 per $100 of value; amend KRS 132.050 to reduce the tax rate on brokers' accounts receivables from $0.10 per $100 of value to $0.05 per $100 of value; amend KRS 132.190 and 134.380 to conform; repeal KRS 132.060, 132.070, 132.080, 132.090, and 136.030; provide that this bill is effective for tax assessments made on or after January 1, 1998.
(Prefiled by the sponsor(s).)
Jan 6-introduced in House
Jan 7-to Appropriations and Revenue (H)