2008 House Bill 704 (State tax changes)

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Introduced by Rep. Harry Moberly, Jr. (D) on March 3, 2008, to exempt governments and certain nonprofit organizations from payment of insurance premiums tax and require utilities who implemented a rate increase to share any tax refund or credit with its customers.
- Referred to the House Appropriations and Revenue Committee on March 4, 2008.
- Reported in the House on March 6, 2008, favorably, 1st reading, to Calendar.
- Amendment offered by Rep. Harry Moberly, Jr. (D) on March 11, 2008, to require the first person to import cigarettes, other tobacco products, or snuff from a foreign manufacturer to submit a monthly report to the department.
- The amendment passed in the House by voice vote on March 13, 2008.
- Amendment offered by Rep. Harry Moberly, Jr. (D) on March 12, 2008, to specify one penny of cigarette tax for cancer research and 1.4 cents of the July 1, 2008 rate increase in motor fuels taxes for state use only.
- The amendment passed in the House by voice vote on March 13, 2008.
Passed in the House (94 to 2) on March 13, 2008. [Vote Details and Comments]
Received in the Senate on March 14, 2008.
- Referred to the Senate Appropriations and Revenue Committee on March 18, 2008.
- Reported in the Senate on April 15, 2008, favorably, to Rules.
- Substitute offered in the Senate on April 15, 2008, to attach the provisions of HB 693, HB 445/GA, HB 608/GA and HB 568/GA. The substitute passed in the Senate by voice vote on April 15, 2008.
- Amendment offered by Sen. Charlie Borders (R) on April 15, 2008, to make a title amendment. The amendment passed in the Senate by voice vote on April 15, 2008.
Passed in the Senate (30 to 8) on April 15, 2008, to exempt governments and certain nonprofit organizations from payment of insurance premiums tax and require utilities who implemented a rate increase to share any tax refund or credit with its customers and to attach the provisions of HB 693, HB 445/GA, HB 608/GA and HB 568/GA. [Vote Details and Comments]
Received in the House on April 15, 2008.
- Referred to the House Rules Committee on April 15, 2008.
Passed in the House (59 to 32) on April 15, 2008, to exempt governments and certain nonprofit organizations from payment of insurance premiums tax and require utilities who implemented a rate increase to share any tax refund or credit with its customers and to attach the provisions of HB 693, HB 445/GA, HB 608/GA and HB 568/GA. [Vote Details and Comments]
Signed by Gov. Steve Beshear on April 24, 2008.

Most Recent Comments

1) dash [by Anonymous Citizen on March 7, 2008]
Why 'exempt' these entities from paying insurance premiums tax?

Already, General Assembly has exempted, provided deferrals, given prefrential tax rate treatment of an estimated $750 million that annually siphons more needed tax dollars for other benefit and services and now Ky needs over $500 million new revenue it does not have just to stay even! Irresponsible actions like this one pushed by Mr. Moberly who chairs Ky House Appropriations & Revenue Committee---the committee that controls the state's purse strings---is one reason state's financial condition is so vulnerable! This legislation adds to state's financial vulnerability! Do not pass it!

dash
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