Summary of Original Version

Create a new section in KRS Chapter 132 to exempt federally documented vessels from property taxation; create new sections in KRS Chapter 235 to establish the waterway usage fee and the distribution of revenue generated from the fee; establish the waterway usage fund; create a new section in KRS Chapter 148 to establish the Kentucky lakes and rivers tourism fund; amend KRS 235.990 to establish a penalty for nonpayment of the waterway usage fee; amend KRS 235.999 and 150.160 to distribute the money collected from the penalty; amend KRS 132.020 and 132.200 to make conforming changes; EFFECTIVE January 1, 2022; APPROPRIATION.

Statutes affected:
Introduced: 235.990, 235.999, 150.160, 132.020, 132.200