03RS HB74


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HB 74/LM (BR 320) - R. Damron

     AN ACT relating to the insurance premium tax.
     Amend KRS 91A.080 to exempt premiums paid to insurers of municipal bonds, leases, or other debt instruments issued by or on behalf of political subdivisions of the Commonwealth, including local governments, special districts, and nonprofit corporations, from the insurance premium tax.


     HFA (1, R. Damron) - Specify that the exemption in subsection (14) shall not apply if the bonds, leases, or other debt instruments are issued for profit or on behalf of for-profit or private organizations.

     (Prefiled by the sponsor(s))

     Jan 7-introduced in House; to Local Government (H)
     Jan 9-posted in committee
     Feb 13-reported favorably, 1st reading, to Calendar
     Feb 14-2nd reading, to Rules
     Feb 19-posted for passage in the Regular Orders of the Day for Thursday, February 20, 2003; floor amendment (1) filed
     Feb 24-3rd reading, passed 64-28 with floor amendment (1)
     Feb 25-received in Senate
     Feb 27-to Appropriations and Revenue (S)

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