Kentucky Statutes 136.652 – Distribution — Administrative costs — Monthly hold harmless amounts
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Money in the gross revenues and excise tax fund shall be distributed monthly as follows: (1) One percent (1%) shall be deposited in a trust and agency account created in the
State Treasury to be used by the department for administration costs associated with
the implementation, collection, and distribution of the tax imposed by KRS § 136.604 and KRS § 136.616.
(2) After the distribution required under subsection (1) of this section, the department shall distribute to each political subdivision, school district and special district the applicable monthly hold-harmless amount as calculated under KRS § 136.650. In addition, the department shall distribute one-twelfth (1/12) of the sheriff department’s fixed hold-harmless amount as defined in KRS § 136.650(2)(b). For tax collections received in January and February of 2006, the department shall make the distribution by April 25, 2006. For all other periods, the department shall make distribution by the twenty-fifth day of the next calendar month following the tax receipts.
(3) After the distribution required by subsection (2) of this section, the department shall deposit one million two hundred fifty thousand dollars ($1,250,000) in the state general fund. This amount shall be adjusted on a prospective basis after the collection of the first twelve (12) months of tax receipts from the taxes imposed by KRS § 136.604 and KRS § 136.616 to equal the average monthly tax receipts attributable to the taxation of satellite broadcast and wireless cable services under KRS § 136.604 and KRS § 136.616. The amount shall then become the fixed amount distributed to the general fund.
(4) Money remaining in the gross revenues and excise tax fund after the distribution required by subsection (3) of this section shall be transferred to the state baseline and local growth fund established in KRS § 136.648.
Effective: January 1, 2006
History: Created 2005 Ky. Acts ch. 168, sec. 114, effective January 1, 2006.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, F, 7, (1) at 1669.
Legislative Research Commission Note (1/01/2006). 2005 Ky. Acts chs. 11, 85, 95, 97,
98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.
State Treasury to be used by the department for administration costs associated with
Terms Used In Kentucky Statutes 136.652
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
- Month: means calendar month. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
the implementation, collection, and distribution of the tax imposed by KRS § 136.604 and KRS § 136.616.
(2) After the distribution required under subsection (1) of this section, the department shall distribute to each political subdivision, school district and special district the applicable monthly hold-harmless amount as calculated under KRS § 136.650. In addition, the department shall distribute one-twelfth (1/12) of the sheriff department’s fixed hold-harmless amount as defined in KRS § 136.650(2)(b). For tax collections received in January and February of 2006, the department shall make the distribution by April 25, 2006. For all other periods, the department shall make distribution by the twenty-fifth day of the next calendar month following the tax receipts.
(3) After the distribution required by subsection (2) of this section, the department shall deposit one million two hundred fifty thousand dollars ($1,250,000) in the state general fund. This amount shall be adjusted on a prospective basis after the collection of the first twelve (12) months of tax receipts from the taxes imposed by KRS § 136.604 and KRS § 136.616 to equal the average monthly tax receipts attributable to the taxation of satellite broadcast and wireless cable services under KRS § 136.604 and KRS § 136.616. The amount shall then become the fixed amount distributed to the general fund.
(4) Money remaining in the gross revenues and excise tax fund after the distribution required by subsection (3) of this section shall be transferred to the state baseline and local growth fund established in KRS § 136.648.
Effective: January 1, 2006
History: Created 2005 Ky. Acts ch. 168, sec. 114, effective January 1, 2006.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, F, 7, (1) at 1669.
Legislative Research Commission Note (1/01/2006). 2005 Ky. Acts chs. 11, 85, 95, 97,
98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.