08RS HB258
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HB258

08RS

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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 258/FN (BR 1051) - H. Moberly Jr.

     AN ACT relating to corporation income tax and limited liability entity tax.
     Create a new section of KRS Chapter 141 to provide that the net gain from treasury function transactions be included in the sales factor of the corporation apportionment formula; make conforming amendments to other sections of KRS Chapter 141; apply to taxable periods beginning after December 31, 2007.

HB 258 - AMENDMENTS


     HFA (1, J. DeCesare) - Retain original provisions; amend KRS 141.0401 to apply the limited liability entity tax to years beginning before January 1, 2008.

     HFA (2, S. Brinkman) - Increase the level of excludable income from the limited liability entity tax and the level of the phase-in of taxable income; decrease the minimum tax.

     HFA (3, H. Moberly Jr.) - Amend the apportionment formula for passenger airlines to calculate the property, payroll, and sales factors based on revenue passenger miles.

     Jan 10-introduced in House
     Jan 15-to Appropriations & Revenue (H)
     Jan 31-posted in committee
     Feb 5-reported favorably, 1st reading, to Calendar
     Feb 6-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 7, 2008; floor amendment (1) filed
     Feb 7-floor amendment (2) filed
     Feb 29-floor amendment (3) filed
     Mar 4-3rd reading; floor amendment (1) defeated ; passed 97-0 with floor amendment (3)
     Mar 5-received in Senate
     Mar 7-to Appropriations & Revenue (S)
     Mar 11-reported favorably, 1st reading, to Consent Calendar
     Mar 12-2nd reading, to Rules
     Mar 26-posted for passage in the Consent Orders of the Day for Wednesday, March 26, 2008; 3rd reading, passed 36-0
     Mar 27-received in House; enrolled, signed by Speaker of the House
     Apr 1-enrolled, signed by President of the Senate; delivered to Governor
     Apr 9-signed by Governor (Acts Ch. 18)

Vote History
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