Summary of Original Version

Create a new section of KRS Chapter 139 to create a violation when an official notice published by the secretary of the Finance and Administration Cabinet or the commissioner of the Department of Revenue improperly instructs that taxpayers should continue to collect and remit sales and use tax on currency or bullion currency, allow the taxpayer to file an action for refund in Circuit Court, and entitle the taxpayer to interest, injunctive relief, attorney's fees and costs, and liquidated damages of $1,000 for each day that the violation occurred; RETROACTIVE; EMERGENCY.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions with the following changes: provide for joint and several liability; make various technical corrections; limit retroactivity to apply to provision allowing claims for tax refunds in subsection (2) of Section 1 of the Act; EMERGENCY.