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Bill > HB340

KY HB340

KY HB340
AN ACT relating to sales and use tax exemptions.

summary

Introduced
01/22/2024
In Committee
01/22/2024
Crossed Over
Passed
Dead
04/15/2024

Introduced Session

2024 Regular Session

Bill Summary

Amend KRS 139.010 to define "breast pump," "breast pump collection and storage supplies," "breast pump kit," "children's diapers," "clothing," "diaper," "feminine hygiene product," "incontinence product", "incontinence underpad" and "pad, liner, and booster pad"; amend KRS 139.480 to exempt from sales and use tax the sale or purchase of baby bottles, baby wipes, breast pumps, breast pump collection and storage supplies, breast pump kits, diapers, feminine hygiene products, and incontinence products; apply to sales or purchases made on or after August 1, 2024, but before August 1, 2028; require the Department of Revenue to report annually to the Interim Joint Committee on Appropriations and Revenue the total exemptions claimed for the previous fiscal year on September 1; amend KRS 131.190 to allow the Department of Revenue to report to the Legislative Research Commission; EFFECTIVE August 1, 2024.

AI Summary

This bill amends Kentucky sales and use tax law to define and exempt from taxation the sale or purchase of various baby and hygiene products, including baby bottles, baby wipes, breast pumps, diapers, feminine hygiene products, and incontinence products. The exemption applies to sales and purchases made from August 1, 2024 through July 31, 2028, and the Department of Revenue must report annually to the Interim Joint Committee on Appropriations and Revenue on the total amount of the exemption claimed. The bill also allows the Department of Revenue to report information related to this exemption to the Legislative Research Commission.

Sponsors (6)

Last Action

to Committee on Committees (H) (on 01/22/2024)

Bill Topics

Health
  • ‐ Infants and Children
  • ‐ Other Health
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform
(2 Companion Bills)

bill text

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bill summary

Document Type Source Location Created
State Bill Page https://apps.legislature.ky.gov/record/24RS/hb340.html 01/22/2024
BillText https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb340/orig_bill.pdf 01/22/2024
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