HB 113 (BR 464) - S. Rudy, J. Carr, J. Stewart III, A. Wuchner
AN ACT relating to sales and use tax.
Amend KRS 139.470 to delete gross receipts from sales of water used in equine businesses from exempt transactions; amend KRS 139.531 to exempt from sales and use tax the sale of feed, seed, commercial fertilizer, machinery, machinery repair parts, horse embyros and semen, fuel, and on-farm facilities to persons engaged in raising equine as a business; provide that the Act takes effect August 1, 2006.
(Prefiled by the sponsor(s).)
Jan 3-introduced in House; to Appropriations and Revenue (H)