AN ACT relating to the natural resources severance and processing tax. Amend KRS 143A.010 to amend the definition of "processing" to include the act of loading or unloading limestone that has not otherwise been severed or treated in the Commonwealth; amend KRS 143A.035 to allow a credit for substantially identical severance or processing taxes paid to another state or political subdivision thereof; provide that no taxpayer may claim a total amount of credit that exceeds his or her tax liability; allow the Department of Revenue to report tax credit information to the Legislative Research Commission; amend other sections to conform; EFFECTIVE August 1, 2018.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2017
Committee Review
Floor Vote
Governor
Introduced Jun 29, 2017
Last action Jan 2, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 2, 2018
Committee
To Appropriations & Revenue (H)
lower
Jan 2, 2018
Introduced
Introduced in House
lower
Jun 29, 2017
Introduced
Prefiled by the sponsor(s).
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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