Bill
Bill > HB262
summary
Introduced
01/08/2026
01/08/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 139.470 to exempt gross receipts derived from aircraft sold and delivered in this state to a resident of another state from sales and use tax; EFFECTIVE August 1, 2026.
AI Summary
This bill amends Kentucky Revised Statutes (KRS) 139.470 to create an exemption from sales and use tax for aircraft. Specifically, it exempts the gross receipts from the sale of aircraft that are delivered within Kentucky to a resident of another state, provided the aircraft is purchased for use or consumption outside of Kentucky, will not be registered or based in Kentucky, and is transported out of state within thirty days of purchase. This exemption is set to take effect on August 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
to Appropriations & Revenue (H) (on 01/15/2026)
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/26RS/hb262.html |
| Fiscal Note for HB262 | https://apps.legislature.ky.gov/recorddocuments/note/26RS/hb262/FN.pdf |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb262/orig_bill.pdf |
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