Kentucky legislation · 2026 Regular Session
Kentucky HB723: AN ACT relating to sales and use tax.
Status: In committee, March 3, 2026
Create a new section of KRS Chapter 139 to annually transfer 80% of the sales and use taxes, interest, and penalties collected during the preceding fiscal year from sporting goods retailers from the general fund to the Kentucky Heritage Land Conservation fund.
What the bill says
An act relating to sales and use tax.
From the introduced text:
AN ACT relating to sales and use tax. Be it enacted by the General Assembly of the Commonwealth of Kentucky: SECTION 1. A NEW SECTION OF KRS CHAPTER 139 IS CREATED TO READ AS FOLLOWS: On or before October 1, 2026, and every October 1 thereafter, eighty percent (80%) of the tax receipts, interest, and penalties of sales and use taxes collected during the immediately preceding fiscal year from establishments classified under the 2022 North American Industry Classification System Code 459110 shall be transferred to the Kentucky Heritage Land Conservation fund established in KRS 146.570. XXXX 2/19/2026 4:17 PM Jacketed
Sponsors
- Mitch Whitaker (R, HD-094) · primary sponsor
Latest actions
- : to Appropriations & Revenue (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: State Agencies, Funds, Environment And Conservation, Amusements And Recreations, Taxation, Sales And Use, Taxation, Budget And Financial Administration
Common questions
- What is HB723?
- HB723 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to sales and use tax.
- What does HB723 do?
- In its own words: An act relating to sales and use tax.
- What is the status of HB723?
- In committee as of March 3, 2026. Latest action: to Appropriations & Revenue (H) (March 3, 2026).
- Who sponsored HB723?
- Mitch Whitaker (R, HD-094).
- Where is the official record for HB723?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb723.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.