Wednesday, March 21, 2012

Sales Tax Relief For Tornado Victims

{Frankfort, Kentucky}...At a special called meeting Wednesday, the House Appropriations and Revenue Committee unanimously approved a proposal for sales tax relief for victims of the March 2nd tornadoes that damaged several Kentucky counties. The bill would provide a rebate of the state's 6 percent sales tax on materials used to rebuild houses, business buildings and other structures in the 21 counties that were declared eligible for federal disaster area assistance by President Barack Obama. The bill would also help school districts by authorizing the state commissioner of education to authorize 10 additional emergency or disaster days that would not be counted against their average daily attendance figures. It would give those districts the option to use last year's ADA figures instead of this year's if attendance is lower so that their funding would not decrease.