HB 313 (BR 1171) - H. Collins, Ji. Lee
AN ACT relating to motor vehicles.
Amend KRS 132.020 to clarify that motor vehicles which have been consigned to a licensed motor vehicle dealer for sale and are in the possession of that dealer, although ownership has been retained by the consigner, are to be taxed as goods held for sale in the regular course of business as with all other motor vehicles held for sale in the inventory of a licensed dealer; amend KRS 132.028 to make similar clarification changes for purposes of the property tax levied on business inventories by cities or urban-county governments; amend KRS 132.200 to clarify that motor vehicles which have been consigned to a licensed motor vehicle dealer for sale are exempt from local property taxation as with all other motor vehicles held for sale in the inventory of a licensed dealer, and make technical corrections; amend KRS 134.810 to make conforming changes.
HB 313 - AMENDMENTS
HCS - Eliminate references to the word "consignment"; instead refer to motor vehicles in the possession of a dealer or auction dealer, for the purposes of sale, where ownership has not been transferred to the dealer.
Feb 11-introduced in House
Feb 12-to Transportation (H)
Feb 14-posted in committee
Feb 19-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 20-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Friday, February 22, 2013
Feb 22-3rd reading, passed 98-0 with Committee Substitute
Feb 25-received in Senate
Feb 27-to Transportation (S)
Mar 5-taken from Transportation (S); 1st reading; returned to Transportation (S)
Mar 6-reported favorably, 2nd reading, to Rules as a Consent Bill
Mar 7-posted for passage in the Consent Orders of the Day for Thursday, March 7, 2013; 3rd reading, passed 38-0; received in House
Mar 12-enrolled, signed by each presiding officer; delivered to Governor
Mar 22-signed by Governor (Acts Chapter 94)