11RS HB307
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HB307

11RS

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HB 307/FN/LM (BR 1162) - T. Thompson

     AN ACT relating to the natural resources severance and processing tax.
     Amend KRS 143A.010 to amend the definition of "processing" to include the act of loading or unloading natural resources in the Commonwealth; amend KRS 143A.035 to expand the credit allowed against the tax for certain limestone sold in interstate commerce and to allow a credit for similar taxes paid to another state or political subdivision thereof; EFFECTIVE August 1, 2011.

     Feb 2-introduced in House
     Feb 3-to Appropriations & Revenue (H)


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