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HB 373/LM (BR 1366) - W. Coursey, B. Montell

     AN ACT relating to federally documented non-commercial vessels.
     Create a new section of KRS Chapter 132 to exempt federally documented non-commercial vessels from state and local property taxes; amend KRS 132.020 and 132.200 to make conforming changes; amend KRS 235.010 to define terms; create a new section of KRS Chapter 235 to establish an annual fee to be imposed on all federally documented non-commercial vessels located in Kentucky on January 1 of any year, to be paid to the county clerk; provide that revenues collected from this annual fee are to be deposited in part to the state general fund and distributed among local taxing jurisdictions of the county in which the vessel will be principally operated; amend KRS 235.040 to clarify that federally documented non-commercial vessels are exempt from the regular registration requirement for motorboats in general, and shall be subject to the annual registration and fee requirements established in this Act; EFFECTIVE January 1, 2014.

     Feb 13-introduced in House
     Feb 14-to Appropriations & Revenue (H)

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