Summary of Original Version

Amend KRS 67.767 to require the Secretary of State to prescribe standard forms for net profits, gross receipts, and payroll occupational tax returns; form an advisory committee to develop the forms; require the advisory committee to file the form with the Interim Joint Committee on Local Government for its November 2026 meeting; require the Secretary of State to file administrative regulations including the standard forms and electronic links; and require tax districts to accept the standard forms and the associated payments electronically on and after January 1, 2028.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions, in part; allow Secretary of State to determine if current forms fulfill the new requirements; add members of the Kentucky Occupational License Association and the Kentucky School Boards Association to the advisory committee; change the due date of the creation of the forms to June 1, 2027; change the date of adoption or acceptance of the electronic forms and electronic payments to July 1, 2029; change fee requirements; allow for exemption of certain tax districts from adopting the electronic forms and payments.

Statutes affected:
Introduced: 67.767
House Committee Substitute 1: 67.767
Current: 67.767