Page 1 of 1 136.652 Distribution -- Administrative costs -- Monthly hold harmless amounts. Money in the gross revenues and excise tax fund shall be distributed monthly as follows: <br>(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 <br>the implementation, collection, and distribution of the tax imposed by KRS 136.604 <br>and 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 <br>applicable monthly hold-harmless amount as calculated under KRS 136.650. In <br>addition, the department shall distribute one-twelfth (1/12) of the sheriff <br>department's fixed hold-harmless amount as defined in KRS 136.650(2)(b). For tax <br>collections received in January and February of 2006, the department shall make the <br>distribution by April 25, 2006. For all other periods, the department shall make <br>distribution by the twenty-fifth day of the next calendar month following the tax <br>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 <br>general fund. This amount shall be adjusted on a prospective basis after the <br>collection of the first twelve (12) months of tax receipts from the taxes imposed by <br>KRS 136.604 and 136.616 to equal the average monthly tax receipts attributable to <br>the taxation of satellite broadcast and wireless cable services under KRS 136.604 <br>and 136.616. The amount shall then become the fixed amount distributed to the <br>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 <br>and local growth fund established in KRS 136.648. Effective: January 1, 2006 <br>History: Created 2005 Ky. Acts ch. 168, sec. 114, effective January 1, 2006. <br>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 <br>agencies and officers whose names have been changed in 2005 legislation confirming <br>the reorganization of the executive branch. Such a correction has been made in this <br>section.
Page 1 of 1 136.652 Distribution -- Administrative costs -- Monthly hold harmless amounts. Money in the gross revenues and excise tax fund shall be distributed monthly as follows: <br>(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 <br>the implementation, collection, and distribution of the tax imposed by KRS 136.604 <br>and 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 <br>applicable monthly hold-harmless amount as calculated under KRS 136.650. In <br>addition, the department shall distribute one-twelfth (1/12) of the sheriff <br>department's fixed hold-harmless amount as defined in KRS 136.650(2)(b). For tax <br>collections received in January and February of 2006, the department shall make the <br>distribution by April 25, 2006. For all other periods, the department shall make <br>distribution by the twenty-fifth day of the next calendar month following the tax <br>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 <br>general fund. This amount shall be adjusted on a prospective basis after the <br>collection of the first twelve (12) months of tax receipts from the taxes imposed by <br>KRS 136.604 and 136.616 to equal the average monthly tax receipts attributable to <br>the taxation of satellite broadcast and wireless cable services under KRS 136.604 <br>and 136.616. The amount shall then become the fixed amount distributed to the <br>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 <br>and local growth fund established in KRS 136.648. Effective: January 1, 2006 <br>History: Created 2005 Ky. Acts ch. 168, sec. 114, effective January 1, 2006. <br>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 <br>agencies and officers whose names have been changed in 2005 legislation confirming <br>the reorganization of the executive branch. Such a correction has been made in this <br>section.
Page 1 of 1 136.652 Distribution -- Administrative costs -- Monthly hold harmless amounts. Money in the gross revenues and excise tax fund shall be distributed monthly as follows: <br>(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 <br>the implementation, collection, and distribution of the tax imposed by KRS 136.604 <br>and 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 <br>applicable monthly hold-harmless amount as calculated under KRS 136.650. In <br>addition, the department shall distribute one-twelfth (1/12) of the sheriff <br>department's fixed hold-harmless amount as defined in KRS 136.650(2)(b). For tax <br>collections received in January and February of 2006, the department shall make the <br>distribution by April 25, 2006. For all other periods, the department shall make <br>distribution by the twenty-fifth day of the next calendar month following the tax <br>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 <br>general fund. This amount shall be adjusted on a prospective basis after the <br>collection of the first twelve (12) months of tax receipts from the taxes imposed by <br>KRS 136.604 and 136.616 to equal the average monthly tax receipts attributable to <br>the taxation of satellite broadcast and wireless cable services under KRS 136.604 <br>and 136.616. The amount shall then become the fixed amount distributed to the <br>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 <br>and local growth fund established in KRS 136.648. Effective: January 1, 2006 <br>History: Created 2005 Ky. Acts ch. 168, sec. 114, effective January 1, 2006. <br>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 <br>agencies and officers whose names have been changed in 2005 legislation confirming <br>the reorganization of the executive branch. Such a correction has been made in this <br>section.
