HB 124 (BR 248) - D. Horlander, L. Clark, T. Burch, R. Crimm, B. DeWeese, T. Firkins, J. Jenkins, D. Keene, C. Miller, D. Osborne, R. Palumbo, C. Rollins II, S. Santoro, R. Weston, S. Westrom
AN ACT relating to the cigarette excise tax.
Amend KRS 138.130 to define "master cigarette distributor"; amend KRS 138.195 to allow a master cigarette distributor to hold a cigarette inventory on which the tax has not been paid; require a master cigarette distributor to obtain a license and pay a license fee; require master cigarette distributor to keep certain records and file reports with the Department of Revenue on a monthly basis; amend KRS 138.205 to apply certain penalties for noncompliance; amend various sections to conform; EFFECTIVE July 1, 2007.
HB 124 - AMENDMENTS
HCS - Retain original provisions; change references to "master cigarette distributor" to "master tobacco products distributor"; include within definition of "master tobacco products distributor" the requirement that the distributor have the exclusive right to sell the manufacturer's cigarettes in a defined territory; add provision permitting the department to examine an applicant's records; prohibit the issuance of a license to an applicant who holds a resident wholesaler's license, nonresident wholesaler's license, or an unclassified acquirer's license in a name other than his or her own, has a financial interest in the business of a licensed resident wholesaler, licensed nonresident wholesaler, or licensed unclassified acquirer, or has acquired an interest in the premises of a licensed resident wholesaler, licensed nonresident wholesaler, or a licensed unclassified acquirer.
HCA (1/Title, J. Jenkins) - Make title amendment.
HFA (1, R. Wilkey) - Retain original provisions, except amend the definition of "master tobacco product distributor" to include a requirement that the master tobacco product distributor does not hold product longer than 30 days and to provide that a penalty in an amount equal to the tax that would have been due shall be paid if inventory is held for longer than 30 days.
(Prefiled by the sponsor(s).)
Jan 2-introduced in House
Jan 3-to Licensing and Occupations (H)
Feb 12-posted in committee
Feb 14-reported favorably, 1st reading, to Calendar with Committee Substitute, committee amendment (1-title)
Feb 15-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 16, 2007
Feb 22-floor amendment (1) filed to Committee Substitute
Feb 23-3rd reading, passed 94-0 with Committee Substitute, committee amendment (1-title), floor amendment (1)
Feb 26-received in Senate
Feb 28-to Appropriations & Revenue (S)