summary
Introduced
02/16/2023
02/16/2023
In Committee
02/28/2023
02/28/2023
Crossed Over
Passed
Dead
03/30/2023
03/30/2023
Introduced Session
2023 Regular Session
Bill Summary
Amend KRS 139.010 to define "firearm safe," "firearm safety course," and "firearm safety device"; amend KRS 139.480 to exempt firearm safes, firearm safety courses, and firearm safety devices; provide that the exemptions apply to sales or purchases made on or after July 1, 2023, but before July 1, 2027; require the Department of Revenue to report to the Interim Joint Committee on Appropriations and Revenue the amount of exemptions claimed.
AI Summary
This bill amends Kentucky's tax laws to exempt the sale of firearm safes, firearm safety courses, and firearm safety devices from the state sales and use tax. The exemption applies to sales or purchases made between July 1, 2023 and June 30, 2027. The bill also requires the Department of Revenue to report annually to the Interim Joint Committee on Appropriations and Revenue on the total amount of the exemption claimed. The purpose of this bill is to provide a tax incentive for the purchase of certain gun safety measures.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
to Appropriations & Revenue (H) (on 02/28/2023)
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/23RS/hb335.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb335/orig_bill.pdf |
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