HB 488/LM (BR 1558) - S. Brinkman, A. Wuchner, J. DeCesare, R. Crimm, P. Marcotte, J. Richards, A. Simpson
AN ACT relating to the taxation of aircraft.
Amend KRS 132.200 to exempt personal aircraft from local taxation; amend KRS 139.480 to exempt personal aircraft from the sales and use tax; provide that the property tax provision takes effect on January 1, 2007; provide that the sales tax provision takes effect on August 1, 2006.
Feb 1-introduced in House
Feb 2-to Appropriations and Revenue (H)