HB 838/LM (BR 977) - M. Treesh, C. Belcher
AN ACT relating to local taxation.
Create various new sections of KRS Chapter 67 to provide for uniform definitions and administration of the occupational license tax and the net profits tax; amend KRS 68.180, 68.197, 91.200, 68.190 to conform.
HB 838 - AMENDMENTS
HCS/LM - Retain the original provisions and clarify that the uniform civil penalties are imposed by the tax district and that failure to file a return or to willfully fail to pay the tax is a Class A misdemeanor; provide that the provisions apply to a tax district that enacts for the first time an occupational license fee or tax on net profits or to any tax district that amends by ordinance or resolution an existing occupational license fee or tax on net profits; provide that the provisions shall apply to all tax districts on and after January 1, 2006.
HFA (1, M. Treesh) - Amend to exclude from the definition of compensation those benefits that reduce federal taxable income.
HFA (2, A. Simpson) - Delete the provision providing for optional apportionment provisions; provide that the estimated tax provisions shall not apply unless specifically adopted by a tax district; provide that the provisions requiring interest on overpayments shall not apply unless specifically adopted by a tax district; provide for monthly reporting in lieu of quarterly reporting.
Mar 4-introduced in House
Mar 5-to Local Government (H)
Mar 12-posted in committee
Mar 14-reported favorably, 1st reading, to Calendar with Committee Substitute
Mar 15-2nd reading, to Rules
Mar 18-recommitted to Appropriations and Revenue (H)
Mar 20-taken from Committee, placed in the Orders of the Day
Mar 21-floor amendment (1) filed to Committee Substitute
Mar 25-floor amendment (2) filed to Committee Substitute ; 3rd reading, passed 55-37 with Committee Substitute, floor amendments (1) and (2)
Mar 26-received in Senate
Mar 27-to Appropriations and Revenue (S)