FRANKFORT, KY (2/21/12) – Looking to make it easier to conduct business across Kentucky, state Rep. Steve Riggs said the House of Representatives’ Local Government Committee will vote tomorrow on a bill that would significantly streamline the collection of local business taxes.
Under House Bill 277, which Rep. Riggs is co-sponsoring, all local taxing districts would generally be required to adopt a standard form for the collection of any revenue tied to a business’ net profits, gross receipts and occupational license taxes. Only those jurisdictions granted an exception by the Secretary of State’s office would be exempt once the law is fully in effect.
“This bill builds on the General Assembly’s work last year work to create a ‘one-stop’ location online to help businesses interacting with state government,” said Rep. Riggs, a Jeffersontown legislator who chairs the House Local Government Committee. “It has the strong support from a variety of business organizations, including the National Federation of Independent Businesses and Associated General Contractors, because it can be a nightmare to comply with so many jurisdictions. Personally, I don’t think there is a more pro-business bill being discussed this year.”
The House Local Government Committee will meet at noon tomorrow (Wed.) in Room 131 of the Capitol Annex.
Information provided by Brian WIlkerson
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