AN ACT relating to fiscal matters, making an appropriation therefor, and declaring an emergency.
Amends KRS 68.200 to define “gross receipts” and to apply the license fee to gross receipts derived from transportation network company services; creates a new section of KRS Chapter 131 to require that the Department of Revenue submit an annual report to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue pertaining to tax law changes and actions taken by the department; amends KRS 131.010 to define “administrative writings” and “tax…
Introduced: February 26, 2024
Last action: April 12, 2024
Plain-language summary
This bill makes a wide range of changes to Kentucky's tax laws and state fees, including new tax exemptions, adjustments to how certain taxes are collected and distributed, and updates to various state programs. It covers areas such as sales taxes on data centers and broadband investments, vehicle fees, horse racing taxes, and a required tax amnesty program offered by the Department of Revenue. It also shifts some horse racing fund money toward problem gambling…
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Legislative History
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Co-sponsors (2)
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