07RS SB170

SB170

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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.


SB 170 (BR 1506) - T. Buford

     AN ACT relating to revenue and taxation.
     Create a new section of KRS Chapter 134 to define terms; create a new section of KRS 134 to require every rental company engaged in the rental of heavy equipment to collect a 1% property tax withholding fee; require the fee to be separately stated; require that amounts collected be used solely for the payment of tangible personal property taxes imposed against the rental company on the heavy equipment rented; provide that any claim for refund or remedy sought by a lessee relating to the property tax withholding fee be addressed with the rental company, and that the general statutes relating to taxes imposed by the Commonwealth shall not apply to the property tax withholding fee.

     Feb 13-introduced in Senate
     Feb 15-to Appropriations & Revenue (S)


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