HB 196 (BR 169) - B. Farmer
AN ACT relating to taxation.
Amend various sections of KRS Chapter 139 to expand the sales and use tax base to include certain services, rental of commercial real estate, and the sale, rental, or lease of shelf space or any other area to display a product; repeal certain sales and use tax exemptions; increase the sales and use tax rate from six percent to seven percent; create a new section of KRS Chapter 141 to apply the provisions of Chapter 141 to taxable years beginning before January 1, 2012; amend KRS 141.020, 141.040, and 141.0401 to make the individual income tax, corporation income tax, and the limited liability entity tax effective for tax years beginning before January 1, 2012; and amend KRS 138.358 and various sections of KRS Chapter 139 to conform; repeal KRS 139.486.
Jan 6-introduced in House
Jan 7-to Appropriations & Revenue (H)