07RS HB371

HB371

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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 371/LM (BR 1499) - A. Simpson

     AN ACT relating to local insurance premium taxes and fees.
     Amend KRS 91A.080 to specifically authorize the levy of local insurance premium taxes; provide that counties may levy a tax only in the unincorporated areas of the county; allow different rates and fee structures for different lines of insurance; require that requests for a refund or credit of taxes overpaid be in writing and be filed within two years of the tax due date; require that any refunds received by an insurance company be passed on to the policyholders; to require insurance premiums tax returns to be audited and any additional taxes assessed within two years from the statutory filing date, except in the case of a fraudulent return or a failure to file; provide that if a county levies the tax only in the unincorporated portion of the county, that there shall be no offset of the city license fee against the county license fee.

     Feb 8-introduced in House
     Feb 12-to Local Government (H)
     Feb 15-posted in committee


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