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)