HB 322/LM (BR 1182) - S. Riggs, R. Palumbo
AN ACT relating to exemptions from local government premium taxes.
Amend KRS 91A.080 to exempt from the local government premium fee or tax authorized by this section: surety bonds required by law for public works projects; state government and all units of local government, including school districts; and, self-insured groups whose membership is composed of any political subdivision of the state.
HB 322 - AMENDMENTS
HCS/LM - Amend Section 1 of the bill to exclude surety bonds required by KRS 45A.435 from the application of the local insurance premium tax; clarify that no license fee or tax imposed under Section 1 of the Act applies to premiums received on policies insuring the Commonwealth of Kentucky.
Feb 3-introduced in House
Feb 4-to Local Government (H)
Feb 7-posted in committee
Feb 16-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 17-2nd reading, to Rules
Feb 24-recommitted to Appropriations & Revenue (H)