98RS HB328


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HB 328/FN (BR 1636) - M. Long

     AN ACT relating to tax administration.
     Amend KRS 131.155 to require any taxpayer or other person responsible for collecting and remitting taxes or fees administered by the Revenue Cabinet with average liabilities in excess of $10,000 to remit payment by electronic funds transfer; require the cabinet to promulgate administrative regulations establishing requirements for electronic funds transfer; amend KRS 131.990 to establish a penalty for failure to comply with transfer provisions; Act is effective for remittances made on or after August 1, 1998.


     HCA (1, M. Long) - Establish a three year phase in of the reduction in amount over which tax and other fee payments collected by the Revenue Cabinet must be remitted by electronic funds transfer; allow the Revenue Cabinet to waive the electronic funds transfer requirement for taxpayers who are unable to do so; allow taxpayers who pay by electronic funds transfer to receive refunds by electronic funds transfer after July 1, 2001.
     SCA (1, E. Rose) - Amend to provide that the cabinet may enter into agreements with out-of-state retailers for the collection of the motor fuels tax and the petroleum environmental assurance fee.

     Jan 20-introduced in House
     Jan 21-to Appropriations and Revenue (H)
     Feb 6-posted in committee
     Feb 24-reported favorably, 1st reading, to Calendar with Committee Amendment (1)
     Feb 25-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for for February 26, 1998
     Feb 27-3rd reading, passed 95-0 with Committee Amendment (1)
     Mar 2-received in Senate
     Mar 3-to Appropriations and Revenue (S)
     Mar 12-reported favorably, 1st reading, to Consent Calendar with committee amendment (1)
     Mar 13-2nd reading, to Rules
     Mar 16-posted for passage in the Consent Orders of the Day for March 18, 1998
     Mar 18-3rd reading, passed 37-0 with committee amendment (1)
     Mar 19-received in House; posted for passage for concurrence in Senate amendment
     Mar 24-House concurred in Senate committee amendment (1); passed 96-0
     Mar 25-enrolled, signed by each presiding officer, delivered to Governor
     Apr 3-signed by Governor

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