13RS HB388

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HB 388/AA (BR 1407) - D. Watkins, C. Miller

AN ACT relating to the Kentucky Retirement Systems unfunded liability trust fund and making an appropriation therefor.
Create a new section of KRS Chapter 61 to create the Kentucky Retirement Systems unfunded liability trust fund; amend KRS 138.140 to impose an additional 50-cents surtax on each pack of cigarettes, increase the excise tax on other tobacco products to 30 percent, increase the excise tax on snuff to 38 cents per unit, and provide that revenues from the additional surtax on cigarettes and the increased excise tax on other tobacco products and snuff be deposited in the Kentucky Retirement Systems unfunded liability trust fund; amend KRS 138.130 and 138.195 to conform.

     Feb 14-introduced in House
     Feb 15-to State Government (H)
     Feb 19-reassigned to Appropriations & Revenue (H)

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