Kentucky HB137

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On February 7, 2014 in the House:

2nd reading, to Rules
Recommitted to Appropriations & Revenue (H)

On February 6, 2014 in the House:

Reported favorably, 1st reading, to Consent Calendar with Committee Substitute, committee amendment (1-title)

On January 28, 2014 in the House:

Posted in committee

On January 8, 2014 in the House:

To State Government (H)

On January 7, 2014 in the House:

Introduced in House

HCS/AA

Create a new section of KRS Chapter 139 to require that, if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states, a portion of the tax receipts and interest and penalties thereon resulting from the enactment of the federal legislation be transferred from the general fund to the state-administered retirement systems unfunded liability trust fund; amend KRS 139.570 to increase vendor compensation for timely collecting and remitting sales and use tax, if federal legislation is enacted that requires out-of-state sellers to collect and remit sales and use tax on behalf of states; create a new section of KRS Chapter 61 to establish the state-administered retirement systems trust fund.