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House Bill 163 Utility Gross Receipts License Tax

House Bill 163 Utility Gross Receipts License Tax. Welcome Financial Officers April 15, 2005 Louisville, KY. House Bill 163--Utility Gross Receipts License Tax. Richard Dobson – Executive Director, Office of Sales and Excise Tax

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House Bill 163 Utility Gross Receipts License Tax

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  1. House Bill 163 Utility Gross Receipts License Tax Welcome Financial Officers April 15, 2005 Louisville, KY

  2. House Bill 163--Utility Gross Receipts License Tax • Richard Dobson – Executive Director, Office of Sales and Excise Tax • Wendell Butler - Director, Division of Miscellaneous Taxes • Paul Riddell - Project Manager, Commonwealth Office of Technology

  3. House Bill 163--Utility Gross Receipts License Tax General Information • Enacted during the 2004 Session of the General Assembly and promulgated as KRS 160.613 -160.617 • Transfers the administration of the Utility Gross Receipts License Tax from the local school districts to the Department of Revenue (DOR) effective July 1, 2005 • HB 272 adds Direct Broadcast Satellite to the school tax base for districts which impose the tax on cable services effective July 1, 2005

  4. House Bill 163--Utility Gross Receipts License Tax General Information(continued) • Provides for a utility company to submit payment to DOR with a breakdown of the tax collected by school district • Provides for DOR to capture the district information and corresponding tax collections and distribute the amount to the appropriate school district in one monthly payment • Provides for a portion of the amount collected to be deducted by DOR to cover actual operating and overhead expenses, not to exceed 1 percent

  5. House Bill 163--Utility Gross Receipts License Tax Goals & Objectives • Process returns and collect receipts as cost effectively and efficiently as possible • Analyze the process to improve receipt collections for school districts • Improve cash flow stream for school districts • Display of currently available school district boundaries

  6. House Bill 163--Utility Gross Receipts License Tax Goals & Objectives(continued) • Acquire new technologies to implement and maintain a state-of-the-art tax administration system • Leverage other agencies’ information to streamline and monitor the registration process • Promote voluntary compliance with tax laws through educational programs and quality taxpayer services • Develop and implement new and innovative programs to maximize compliance with tax laws

  7. House Bill 163--Utility Gross Receipts License Tax Benefits • Timely disbursements of receipts • Improved collections and proper posting of receipts for the school districts • Current or new utility, cable, and phone companies performing business in the Commonwealth will be identified and registered for the collection of school tax

  8. House Bill 163--Utility Gross Receipts License Tax Boundary Information • DOR will maintain currently available boundary maps on a web server for access by the school districts and utility companies • If changes to the boundaries are made, the superintendent must submit new boundary information (maps) to Department of Education. • Tax payments should be allocated in accordance with the most recent boundary information provided by the superintendents

  9. House Bill 163--Utility Gross Receipts License Tax Utility Company Registration • Online registration system • Demographic and school district information will be collected • DOR will exchange information with other regulatory agencies to ensure new companies are identified

  10. House Bill 163--Utility Gross Receipts License Tax Tax Collection & Allocation • Online filing and payment will facilitate timely processing • Filing of return and payment will be due on the 20th of the month for the prior month’s collections

  11. House Bill 163--Utility Gross Receipts License Tax Distribution to School Districts • DOR will establish a standard format and schedule for payments to school districts • Old law would still be in effect for receipts collected prior to July 1, 2005 • First return filed will be for the July 1 – 31 period, due August 20, 2005 • Our goal for distribution will be by the end of month in which collections are received (10th of September for the 1st distribution)

  12. House Bill 163--Utility Gross Receipts License Tax Where do we go from here? School District Involvement Needed— • Utility and Cable Provider Listings

  13. House Bill 163--Utility Gross Receipts License Tax

  14. House Bill 163--Utility Gross Receipts License Tax

  15. House Bill 163--Utility Gross Receipts License Tax School District Current Issues QUESTIONS

  16. House Bill 163--Utility Gross Receipts License Tax DOR Contact Information • Richard Dobson, Executive Director, Office of Sales and Excise Taxes, 502-564-5523, Richard.dobson@ky.gov • Ricky Haven, Director, Division of Sales and Use Taxes, 502-564-5170, Ricky.haven@ky.gov • Debbie Dunn, Supervisor, Financial Tax Section, 502-564-4810, Debbie.dunn@ky.gov

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