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HB 521 KY
Introduced

AN ACT relating to motorboats and making an appropriation therefor.

KY · session 2024RS · Assembly / House · bill

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Introduced Feb 13, 2024

Latest action (Feb 21, 2024) to Appropriations & Revenue (H)

Summary

Create a new section of KRS Chapter 132 to exempt federally documented vessels from property taxation; create new sections of KRS Chapter 235 to establish the waterway usage fee and the distribution of revenue generated from the fee; establish the waterway usage fund; create a new section of KRS Chapter 148 to establish the Kentucky lakes and rivers tourism fund; require grants of money from the fund to go to marinas qualifying through an application process; amend KRS 235.990 to establish a penalty for nonpayment of the waterway usage fee; amend KRS 235.999 and 150.160 to distribute the money collected from the penalty; amend KRS 132.020 and 132.200 to make conforming changes; EFFECTIVE January 1, 2025; APPROPRIATION.

Sponsor (1)

Action history (3)
  1. Feb 13, 2024 introduced in House · lower
  2. Feb 13, 2024 to Committee on Committees (H) · lower
  3. Feb 21, 2024 to Appropriations & Revenue (H) · lower
Subjects
Amusements and RecreationAppropriationsBoats and BoatingEducation, FinanceEffective Dates, DelayedLocal GovernmentLocal MandateState AgenciesTaxationTaxation, Property

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

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