06RS HB562


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 562/FN/LM (BR 1903) - F. Rasche, S. Riggs

     AN ACT relating to the taxation of watercraft.
     Create six new sections of KRS Chapter 136 to provide definitions; cause watercraft to be centrally assessed by the Department of Revenue and provide for local distribution of collected taxes; require corporations to file a description of watercraft; require notification of watercraft value to the corporation and provide the method for distributing local taxes; provide a "hold harmless" clause for local districts; amend KRS 136.120 to remove watercraft; repeal KRS 136.181, 136.182, 136.183, 136.187, 136.184, and 136.187; Effective January 1, 2007.


     HCS/FN/LM - Retain original provisions of bill, change implementation date to January 1, 2008; extend local hold harmless provisions to ten years.

     Feb 13-introduced in House
     Feb 14-to Appropriations and Revenue (H)
     Feb 24-posted in committee
     Feb 28-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 1-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, March 2, 2006
     Mar 2-3rd reading, passed 90-6 with Committee Substitute
     Mar 3-received in Senate
     Mar 7-to Appropriations and Revenue (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 23-posted for passage in the Consent Orders of the Day for Friday, March 24, 2006
     Mar 24-3rd reading, passed 38-0; received in House; enrolled, signed by each presiding officer; delivered to Governor
     Apr 5-signed by Governor (Acts ch. 169)

Vote History

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