AN ACT relating to revenue measures and declaring an emergency.

Summary

The act amends Kentucky’s sales‑and‑use tax code to presume most purchases are taxable, requires large online marketplace providers to register, collect, and remit tax, and updates definitions of property and services. It also revises numerous income‑tax credits, changes natural‑resource tax exemptions, and creates personal liability for corporate officers of fantasy‑sports and prediction‑market operators. The changes are intended to broaden the tax base and raise revenue during an emergency.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share