Tax Exemption Bill On Admission Ticket Purchases Filed

Kentucky’s Speaker Pro Tempore David Osborne has prefiled a bill that would maintain a tax exemption on purchase of admission tickets sponsored by any non-profit, charitable or religious organization.

According to a release, the bill filed by Osborne seeks to address a section of the landmark tax reform legislation that passed during the 2018 Regular Session. The tax reform package, also known as HB 366, moved Kentucky from 33rd to 18th place on the Tax Foundation’s State Business Tax Climate Index, placed Kentucky as 10th lowest in the nation in personal income tax rates and also reduced the income tax burden for most Kentuckians, allowing them to keep more money in their pockets to spend however they wish.

The tax exemption would also be extended to property taxes on properties owned by public charities. Representative Jim DeCesare, of Bowling Green, filed a similar measure during the 2018 legislative session. In March, the Kentucky Supreme Court ruled that the charitable exemption from taxes found in the state’s constitution applied only to property taxes.