- In April 2024, Kentucky enacted budget legislation, H.B. 8, which amended tax laws
- Gov. Andy Beshear line-item vetoed provisions for sales tax exemption for currency and bullion
- Legislature overrode these vetoes immediately
- H.B. 8 became law on April 10, 2024 without governor’s signature
- Kentucky Department of Revenue announced line-item vetoes remain in effect
- Currency and bullion still subject to sales and use tax
- Tax amnesty program will not be implemented
- Potential challenge to decision by legislature or affected party
Source: grantthornton.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
