House approves tax relief for tornado victims

March 22, 2012 | | Comments 0

By Bill Estep

The House has approved a tax break on materials used to repair or replace buildings damaged in severe weather that hit Kentucky between Feb. 29 and March 3.

Building owners could get either a refund of the state’s 6 percent sales tax on building materials or $6,000, whichever was less.

The tax break under House Bill 165 would apply in the 21 counties where President Barack Obama has declared a disaster.

The bill also requires the state to waive up to 10 school days that students missed because of the disaster, and provides a mechanism for schools and employees in affected counties to not lose money because of the missed days.

Rep. John Will Stacy, D-West Liberty, sponsored the measure. A March 2 tornado caused widespread damage in the city and six deaths in Morgan County.

The House approved the bill 96 to 0.

It now goes to the Senate for consideration.

Filed Under: KY General Assembly

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