(1) The department shall submit an annual report to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue on October 1, 2024, and October 1 of each year thereafter. (2) The report required by subsection (1) of this section shall: (a) Summarize each tax law change enacted during: 1. The immediately preceding Regular Session of the General Assembly; or 2. Any Extraordinary Session of the General Assembly held since the last report was submitted; (b) Be organized by bill number, including any resolutions impacting the tax laws; and (c) Outline actions taken, or to be taken, by the department to implement each tax law change, including any: 1. Required modification to information technology systems and the estimated cost of that modification; 2. Development of new or modification to existing forms for submission by taxpayers; 3. Taxpayer education efforts d eployed or to be deployed in response to the tax law changes; 4. Administrative regulations filed or to be filed; 5. Shifting of personnel to perform the actions; and 6. Suggestions to the Interim Joint Committee on Appropriations and Revenue for related statutory corrections or improvements.
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