Bill > HB247

This bill makes several key changes to Kentucky's sales and use tax laws. First, it removes sales tax on leisure, recreational, and athletic instructional services and recreational camp tuition and fees, effectively eliminating these services from the list of taxable activities. Second, the bill creates a new tax exemption for electricity used for specific agricultural purposes, including on-farm facilities for grain, poultry, livestock, ratite birds, llamas, alpacas, buffalo, and cervids, as well as for irrigation systems and crop storage barns. The bill also makes technical amendments to several sections of Kentucky law to update cross-references and ensure consistency with these changes. These modifications aim to provide tax relief for agricultural businesses by reducing their electricity and service-related tax burdens. The bill is set to take effect on July 1, 2025, giving businesses and tax administrators time to prepare for the new tax treatment of these services and electricity uses.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/hb247.html