06RS HB737


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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 737 (BR 957) - T. Edmonds, R. Webb

     AN ACT relating to cigarette tax.
     Create a new section of KRS Chapter 138 to establish requirements for acquiring tobacco and tobacco product licenses; amend KRS 138.130 to delete "unclassified acquirer" definition; amend KRS 138.140 to establish a 4 percent discount on gross receipts tax paid on other tobacco products; amend KRS 138.143 to delete reference to unclassified acquirer; amend KRS 138.146 to allow licensed wholesalers to receive compensation for tax evidence on both the excise tax and the surtaxes imposed on wholesale sales of cigarette packages; amend KRS 138.146 to allow a licensed wholesales to defer tax stamp payment for 30 days from acquisition; establish requirements for posting of a bond or other security; amend KRS 138.195 to delete reference to unclassified acquirer; effective date August 1, 2006.

     Feb 27-introduced in House
     Feb 28-to Appropriations and Revenue (H)

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