Bill
Bill > SB41
summary
Introduced
01/03/2017
01/03/2017
In Committee
01/07/2017
01/07/2017
Crossed Over
Passed
Dead
03/30/2017
03/30/2017
Introduced Session
2017 Regular Session
Bill Summary
Amend KRS 139.480 to exempt from sales and use tax sales or purchases of bullion or currency made on or after July 1, 2017, but before July 1, 2021.
AI Summary
This bill amends KRS 139.480 to exempt from sales and use tax the sale or purchase of bullion or currency made on or after July 1, 2017, but before July 1, 2021. The bill defines "bullion" as bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, where the value depends on the metal content rather than the form. "Currency" is defined as coins or paper currency that has been used as legal tender.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
to Appropriations & Revenue (S) (on 01/07/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.lrc.ky.gov/record/17RS/SB41.htm | 01/05/2017 |
| Fiscal Note for SB41 | http://www.lrc.ky.gov/recorddocuments/note/17RS/SB41/FN.pdf | 03/02/2017 |
| BillText | http://www.lrc.ky.gov/recorddocuments/bill/17RS/SB41/bill.pdf | 01/05/2017 |
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