Summary of Original VersionAmend KRS 224.60-130 to extend the date for reimbursements of corrective action projects using moneys in the petroleum storage tank account; amend KRS 224.60-142 to extend the date of registration for owners of petroleum storage tanks containing motor fuels in order to be eligible to participate in the fund; extend the date allowing owners and operators to submit affidavits and applications through July 15, 2031, relevant to current petroleum storage tank accounts; amend KRS 224.60-145 to extend the small operator assistance and small operator tank removal accounts to July 15, 2031; amend KRS 224.50-868 to extend the fee currently imposed for each new motor vehicle, trailer, or semitrailer tire sold in Kentucky to July 1, 2026.
Summary of Amendment: House Committee Substitute 1Summary
Retain original provisions; amend KRS 224.60-130 to extend the date for reimbursements of corrective action projects using moneys in the petroleum storage tank account; amend KRS 224.60-142 to extend the date of registration for owners of petroleum storage tanks containing motor fuels in order to be eligible to participate in the fund; extend the date allowing owners and operators to submit affidavits and applications through July 15, 2031, relevant to current petroleum storage tank accounts; amend KRS 224.60-145 to extend the small operator assistance and small operator tank removal accounts to July 15, 2031; amend KRS 224.50-868 to extend the fee currently imposed for each new motor vehicle, trailer, or semitrailer tire sold in Kentucky to July 1, 2026; create a new section of KRS Chapter 131 to require the Department of Revenue to 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; amend KRS 138.510 to redistribute up to $250,000 per fiscal year in historical horse racing pari-mutuel tax revenues to the Kentucky Horse Racing Commission for the benefit of Thoroughbred, standardbred, and American quarter horse aftercare facilities in Kentucky and up to $250,000 per fiscal year to the Kentucky equine management internship program; eliminate distributions of the excise tax on historical horse races to the Kentucky Thoroughbred and standardbred breeders incentive funds; include the Kentucky Community and Technical College System institutions in the distribution of pari-mutuel tax revenues that are required to be used for construction, expansion or renovation of facilities or the purchase of equipment for equine programs; require the host track to grant the Tourism, Arts, and Heritage Cabinet a race title sponsorship and promotional package at multiple-day international harness racing events with purses and awards over $5,000,000; amend KRS 230.770 to require that $75,000 each fiscal year be transferred from the Kentucky standardbred development fund to the Kentucky problem gambling assistance account; require the racing commission to account for all moneys within the standardbred development fund by separating those moneys as required for distribution: establish an international harness racing event reserve account for a Kentucky track that hosts an international harness racing event spanning several days and distributes at least $5,000,000 in purses and awards; beginning July 31, 2024, provide that $300,000 from the standardbred development fund be transferred annually to the international harness racing reserve account until the reserve account reaches $900,000; amend KRS 230.400 to require that $100,000 each fiscal year be transferred from the Kentucky Thoroughbred development fund to the Kentucky problem gambling assistance account; amend KRS 230.445 to require that $25,000 each fiscal year be transferred from the Kentucky quarter horse, paint horse, Appaloosa, and Arabian development fund to the Kentucky problem gambling assistance account; amend KRS 138.513 to make a technical correction; amend KRS 139.470 to increase the de minimis filing threshold to $12,000; amend KRS 139.480 to exempt the sale, use, storage, or consumption of currency and bullion from sales and use tax; amend KRS 140.040 to define "power of appointment" to mean only a general power of appointment; create a new section of KRS Chapter 141 to allow an income tax credit for the sales and use tax paid on a qualified broadband investment in this state; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to submit a report on the tax credit to the Legislative Research Commission; amend KRS 141.010 to update the Internal Revenue Code reference date to the Internal Revenue Code in effect on December 31, 2023, for income tax purposes; amend KRS 141.020 to further define "GF appropriations" to exclude any appropriation from the budget reserve trust fund account that is solelysupported by moneys from the budget reserve trust fund account and specifically identified in the appropriation language as not being a GF appropriation; amend KRS 141.039 to delay the deferred tax deduction until January 1, 2026, amend KRS 143.022 to allow refunds of tax paid on coal transported directly to a market outside of North America until July 1, 2028; amend KRS 186.010 to eliminate the definition of "hybrid vehicle"; amend KRS 186.050 and 138.475 to remove hybrid vehicles from the electric vehicle ownership fee; amend KRS 186.531 to eliminate fees for obtaining a personal identification card; provide various revenue measures for the operation of certain state agencies; apply to fiscal years 2024-2025 and 2025-2026; APPROPRIATION; EMERGENCY; EFFECTIVE, in part, August 1, 2024, and January 1, 2025.
Summary of Amendment: Senate Committee Substitute 1Summary
Retain original provisions; except remove all provisions related to the new tire fee extension, remove all provisions related to exempting the sale, use, storage, or consumption of currency and bullion from sales and use taxes; remove all provisions related to defining "power of appointment" for inheritance taxes; remove all provisions related to the Kentucky Community and Technical College System institutions receiving pari-mutuel tax revenue distributions; amend KRS 138.510 to include the Bluegrass Community and Technical College in the distribution of pari-mutuel tax revenues that are required to be used for construction, expansion, or renovation of facilities or the purchase of equipment for equine programs; amend KRS 131.010 to define "administrative writings" and "tax form"; amend KRS 131.020 to establish requirements for the Office of Tax Policy and Regulation within the Department of Revenue to publish administrative writings, tax forms, and instructions to the tax forms on its website; amend KRS 131.030, 131.081, 131.130, 131.131, and 131.190 to conform; amend KRS 132.010 and 136.010 to include mains, pipes, pipelines, and conduits in the definition of "real property"; amend KRS 138.472 to define terms; allow a bad debt deduction for the motor vehicle rental and ride share excise tax; amend KRS 154.30-010 to allow modified new revenues for income tax to be used for calendar years beginning on or after January 1, 2023; amend KRS 15.460, 95A.250, and 95A.262 to increase the annual supplements to firefighters, police officers, and volunteer fire departments; require annual CPI adjustments; amend KRS 186.162 to require the Transportation Cabinet to identify the cost of issuing a child victims' trust fund special license plate; require transfer of revenues received in excess of the cost to the child victims' trust fund; amend KRS 68.200 to define "gross receipts"; apply the license fee to gross receipts derived from transportation network company services; amend 154.61-030 to establish an application fee for eligible companies; increase the administrative fee for approved companies; create a new section of KRS Chapter 205 to establish a 120 percent Medicaid reimbursement rate for out-of-state children's hospitals; disallow the hospital's eligibility to receive indirect medical education reimbursement, organ acquisition cost settlements, and disproportionate share hospital payments; require the Cabinet for Health and Family Services or the Department for Medicaid Services to seek federal approval if they determine that such approval is necessary; allow the Executive Branch Ethics Commission to increase their registration fee to provide funding for a new online filing system; make technical corrections; apply to property assessed on or after January 1, 2023; apply specified provisions to 2024-2025 and 2025-2026 fiscal years and provide sunsetting on June 30, 2026; RETROACTIVE; APPROPRIATION; EFFECTIVE, in part, August 1, 2024, and July 1, 2026; EMERGENCY.
Summary of Amendment: Senate Floor Amendment 1 -- J. SchickelSummary
Retain original provisions; amend KRS 139.480 to define "currency" and "bullion"; exempt currency and bullion from sales and use tax on or after August 1, 2024.
Summary of Amendment: Conference Committee Report 1Summary
Cannot agree.
Summary of Amendment: Free Conference Committee Report 1Summary
Amend KRS 224.60-130 to extend the date for reimbursements of corrective action projects using moneys in the petroleum storage tank account; amend KRS 224.60-142 to extend the date of registration for owners of petroleum storage tanks containing motor fuels in order to be eligible to participate in the fund; extend the date allowing owners and operators to submit affidavits and applications through July 15, 2031, relevant to current petroleum storage tank accounts; amend KRS 224.60-145 to extend the small operator assistance and small operator tank removal accounts to July 15, 2031; amend KRS 224.50-868 to extend the fee currently imposed for each new motor vehicle, trailer, or semitrailer tire sold in Kentucky to July 1, 2026; create a new section of KRS Chapter 131 to require the Department of Revenue to 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; amend KRS 138.510 to redistribute up to $250,000 per fiscal year in historical horse racing pari-mutuel tax revenues to the Kentucky Horse Racing Commission for the benefit of Thoroughbred, standardbred, and American quarter horse aftercare facilities in Kentucky and up to $250,000 per fiscal year to the Kentucky equine management internship program; eliminate distributions of the excise tax on historical horse races to the Kentucky Thoroughbred and standardbred breeders incentive funds; include the Bluegrass Community and Technical College in the distribution of pari-mutuel tax revenues that are required to be used for construction, expansion or renovation of facilities or the purchase of equipment for equine programs; require the host track to grant the Tourism, Arts, and Heritage Cabinet a race title sponsorship and promotional package at multiple-day international harness racing events with purses and awards over $5,000,000; amend KRS 230.770 to require that $75,000 each fiscal year be transferred from the Kentucky standardbred development fund to the Kentucky problem gambling assistance account; require the racing commission to account for all moneys within the standardbred development fund by separating those moneys as required for distribution: establish an international harness racing event reserve account for a Kentucky track that hosts an international harness racing event spanning several days and distributes at least $5,000,000 in purses and awards; beginning July 31, 2024, provide that $300,000 from the standardbred development fund be transferred annually to the international harness racing reserve account until the reserve account reaches $900,000; amend KRS 230.400 to require that $100,000 each fiscal year be transferred from the Kentucky Thoroughbred development fund to the Kentucky problem gambling assistance account; amend KRS 230.445 to require that $25,000 each fiscal year be transferred from the Kentucky quarter horse, paint horse, Appaloosa, and Arabian development fund to the Kentucky problem gambling assistance account; amend KRS 138.513 to make a technical correction; amend KRS 139.470 to increase the de minimis filing threshold to $12,000; amend KRS 139.480 to exempt the sale, use, storage, or consumption of currency and bullion from sales and use tax; amend KRS 140.040 to define "power of appointment" to mean only a general power of appointment; create a new section of KRS Chapter 141 to allow an income tax credit for the sales and use tax paid on a qualified broadband investment in this state; amend KRS 141.0205 to order the tax credit; amend KRS 141.010 to update the Internal Revenue Code reference date to the Internal Revenue Code in effect on December 31, 2023, for income tax purposes; amend KRS 141.020 to further define "GF appropriations" to exclude any appropriation from the budget reserve trust fund account that is solely supported by moneys from the budget reserve trust fund account and specifically identified in the appropriation language as not being a GF appropriation; amend KRS 141.039 to delay the deferred tax deduction until January 1, 2026, amend KRS 143.022 to allow refunds of tax paid on coal transported directly to a market outside of North America until July 1, 2026; amend KRS 186.010 to eliminate the definition of "hybrid vehicle"; amend KRS 186.050 and 138.475 to remove hybrid vehicles from the electric vehicle ownership fee; amend KRS 186.531 to eliminate fees for obtaining a personal identification card; amend KRS 131.010 to define "administrative writings" and "tax form"; amend KRS 131.020 to establish requirements for the Office of Tax Policy and Regulation within the Department of Revenue to publish administrative writings, tax forms, and instructions to the tax forms on its website; amend KRS 131.030, 131.081, 131.130, and 131.131; amend KRS 138.472 to define terms; allow a bad debt deduction for the motor vehicle rental and ride share excise tax; amend KRS 154.30-010 to allow modified new revenues for income tax to be used for calendar years 2023 to 2026; amend KRS 186.162 to require the Transportation Cabinet to identify the cost of issuing a child victims' trust fund special license plate; require transfer of revenues received in excess of the cost to the child victims' trust fund; amend KRS 68.200 to define "gross receipts"; apply the license fee to gross receipts derived from transportation network company services; amend KRS 141.020 and 141.040 relating to the exclusions from income tax earned by nonresident disaster response employees and businesses, to extend the sunset date to January 1, 2027; create new sections of Subchapter 20 of KRS Chapter 154 for a sales and use tax exemption for data centers to define terms; make declarations and state purposes for the sales and use tax incentive; provide a process for companies to apply; prohibit the rehabilitation or replacement of existing data centers; require a memorandum of agreement between the Cabinet for Economic Development and an eligible company; create a new section of KRS Chapter 139 to allow a sales and use tax exemption for a preliminarily approved company or an approved company; amend KRS 131.400, 131.420, 131.435, 131.440, and 131.445 to require the Department of Revenue to offer a tax amnesty program; amend KRS 131.190 to allow reporting of information by the department; allow the Executive Branch Ethics Commission to increase their registration fee to provide funding for a new online filing system; require the Office of the State Budget Director to submit reports on tax expenditure recommendations to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue; provide various revenue measures for the operation of certain state agencies; make technical corrections; apply specified provisions to 2023-2024, 2024-2025, and 2025-2026 fiscal years; EMERGENCY. ; APPROPRIATION; EMERGENCY; EFFECTIVE, in part, August 1, 2024, and January 1, 2025.
Statutes affected: Acts Chapter 166: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531, 131.010, 131.020, 131.030, 131.081, 131.130, 131.131, 138.472, 186.162, 68.200, 140.040, 141.040, 131.400, 131.420, 131.435, 131.440, 131.445
House Committee Substitute 1: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 140.040, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531
Senate Committee Substitute 1: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531, 131.010, 131.020, 131.030, 131.081, 131.130, 131.131, 132.010, 136.010, 138.472, 15.460, 95A.250, 95A.262, 186.162, 68.200
Free Conference Committee Report 1: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531, 131.010, 131.020, 131.030, 131.081, 131.130, 131.131, 138.472, 186.162, 68.200, 140.040, 141.040, 131.400, 131.420, 131.435, 131.440, 131.445
Current/Final: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531, 131.010, 131.020, 131.030, 131.081, 131.130, 131.131, 138.472, 186.162, 68.200, 140.040, 141.040, 131.400, 131.420, 131.435, 131.440, 131.445
Current: 138.510, 230.770, 230.400, 230.445, 138.513, 139.470, 140.040, 141.0205, 131.190, 141.010, 141.020, 141.039, 143.022, 186.010, 186.050, 138.475, 186.531