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.
HB 562 - AMENDMENTS
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)