HB723 • 2026

AN ACT relating to sales and use tax.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: M. Whitaker
Last action: 2026-03-03
Official status: 03/03/26: to Appropriations & Revenue (H)
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

AN ACT relating to sales and use tax.

What This Bill Does

AN ACT relating to sales and use tax.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-03-03 Kentucky Legislative Research Commission
to Appropriations & Revenue (H)
2026-02-24 Kentucky Legislative Research Commission
introduced in House to Committee on Committees (H)

Official Summary Text

AN ACT relating to sales and use tax.

Current Bill Text

Read the full stored bill text

UNOFFICIAL COPY 26 RS BR 2043
Page 1 of 1
XXXX 2/19/2026 4:17 PM Jacketed
AN ACT relating to sales and use tax. 1
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 2
SECTION 1. A NEW SECTION OF KRS CHAPTER 139 IS CREATED TO 3
READ AS FOLLOWS: 4
On or before October 1, 2026, and every October 1 thereafter, eighty percent (80%) of 5
the tax receipts, interest, and penalties of sales and use taxes collected during the 6
immediately preceding fiscal year from establishments classified under the 2022 North 7
American Industry Classification System Code 459110 shall be transferred to the 8
Kentucky Heritage Land Conservation fund established in KRS 146.570. 9