02RS HB457


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HB 457/FN (BR 1355) - C. Belcher, M. Treesh, D. Sims

     AN ACT relating to income taxation.
     Amend KRS 141.010 to update the Internal Revenue Code reference date.


     HCA (1, H. Moberly) - Clarify that the update applies to taxable years beginning on or after January 1, 2002.

     SCS/FN - Retain the original provisions and delete the exemption of tar sands from the mineral severance tax; provide that the money from tar sands that is distributed to counties under KRS 42.470(2) shall be used for economic development purposes as approved by the Department of Local Government.

     Jan 23-introduced in House
     Jan 24-to Appropriations and Revenue (H)
     Feb 8-posted in committee
     Feb 12-reported favorably, 1st reading, to Calendar with committee amendment (1)
     Feb 13-2nd reading, to Rules
     Feb 14-posted for passage in the Regular Orders of the Day for Friday, February 15, 2002
     Feb 15-3rd reading, passed 85-0 with committee amendment (1)
     Feb 19-received in Senate
     Feb 21-to Appropriations and Revenue (S)
     Mar 25-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Mar 26-2nd reading, to Rules
     Mar 29-posted for passage in the Consent Orders of the Day for Friday, March 29, 2002; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; 3rd reading, passed 38-0 with Committee Substitute
     Apr 1-received in House; posted for passage for concurrence in Senate Committee Substitute
     Apr 15-House concurred in Senate Committee Substitute ; passed 93-0; enrolled, signed by each presiding officer; delivered to Governor
     Apr 24-signed by Governor (Acts ch. 367)

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