summary
Introduced
01/07/2020
01/07/2020
In Committee
04/15/2020
04/15/2020
Crossed Over
02/27/2020
02/27/2020
Passed
Dead
04/15/2020
04/15/2020
Introduced Session
2020 Regular Session
Bill Summary
Amend KRS 138.130 to define terms; amend KRS 138.140 to impose an excise tax on vapor products; amend KRS 138.143 to impose a floor stock tax; EFFECTIVE 11:59 p.m. on July 31, 2020.
AI Summary
This bill amends Kentucky state laws to define terms related to tobacco products, impose an excise tax on vapor products, and impose a floor stock tax on various tobacco products. Specifically, the bill:
- Defines "vapor products" and includes them as a category of "tobacco products" subject to taxation.
- Increases the tax rates on snuff, chewing tobacco, and other tobacco products.
- Requires retailers and sub-jobbers to take inventory of their tobacco product stocks as of July 31, 2020 and pay a floor stock tax on those inventories, with the taxes due in three installments by October 10, 2020.
- Takes effect at 11:59 p.m. on July 31, 2020.
Committee Categories
Budget and Finance
Sponsors (9)
Jerry Miller (R)*,
Danny Bentley (R),
Jim Duplessis (R),
Joe Graviss (D),
Matt Koch (R),
Adam Koenig (R),
C. Edward Massey (R),
Kim Moser (R),
Ruth Ann Palumbo (D),
Last Action
posted for passage for concurrence in Senate Committee Substitute (2) and committee amendment (2-title) (on 04/15/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/20RS/hb32.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb32/bill.pdf |
| Vote History for HB32 | https://apps.legislature.ky.gov/record/20RS/hb32/vote_history.pdf |
| Fiscal Note for HB32 | https://apps.legislature.ky.gov/recorddocuments/note/20RS/hb32/FN.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/20RS/hb32/orig_bill.pdf |
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