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Tornado Tax Relief Bill Gets Final Passage

By: Associated Press
Posted: Fri 9:45 PM, Mar 30, 2012

FRANKFORT, Ky. (AP) -- Tornado victims in 21 Kentucky counties that were declared disaster areas by President Obama after the March 2 tornadoes, would get a sales tax break on materials for rebuilding their houses or other structures.

The emergency measure received final approval in the House of Representatives late Friday night, and will be sent to Gov. Steve Beshear for his signature.

Democratic Rep. John Will Stacy of West Liberty, the town demolished by a tornado, led the effort which had overwhelming bipartisan support in both chambers.

The bill would allow the state treasury to refund the 6-percent state sales tax for three years for building materials the owners purchase, if they rebuild in the counties where their losses occurred.

The bill is HB 255.


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