HB 114/FN (BR 301) - B. Farmer
AN ACT relating to sales and use tax.
Amend KRS 139.470 to exclude from the computation of the sales and use tax gross receipts from any sale made to a contractor purchasing materials, supplies, or fixtures for use in fulfilling a construction contract with a governmental agency or public school district if the sale would have been exempt if made directly to the governmental agency or public school district and the contract is funded at greater than 50% from the state general fund or bond funds; make these provisions effective for sales made on or after August 1, 2004.
(Prefiled by the sponsor(s).)
Jan 6-introduced in House; to Appropriations and Revenue (H)