This week, lawmakers should begin considering legislation from each other’s chambers.
State Rep. Jody Richards, D-Bowling Green, hopes that includes a series of business-friendly laws he has proposed.
One of those is House Bill 277, which would standardize, as much as possible, tax reporting forms used by taxing jurisdictions and offer the forms through the Secretary of State’s One Stop Shop for Business.
“The CPAs brought this legislation to me,” Richards said. “They said that almost every jurisdiction in the state had a different reporting form. That really makes it hard for companies that do business in multiple jurisdictions. It’s very expensive.
“I know there was one company that did business in 30 jurisdictions and their tax liability in one of them was 12 cents,” he said. “Counting their time to fill it out, the cost to do so was $30.”
Mike Murphy, president and CEO of Scott, Murphy & Daniel, said his company does business in about 40 counties.
“In tax week it is just crazy, filling out everybody’s own different forms,” Murphy said. “I know that there will probably be more to it than just having one standard form because some counties have different taxing vehicles. But I would think there would be some major part of it that could be standardized.
“Because with all the different forms out there, it does create a lot of havoc.”
Murphy said his company has done what it has had to do for years and will continue to do so if the legislation doesn’t pass the Senate.
“But if it makes for better government to be standardized, so be it,” he said.
The legislation, which also was co-sponsored by state Reps. Jim DeCesare, R-Bowling Green, Wilson Stone, D-Scottsville, and Michael Meredith, R-Brownsville, among others, has been assigned to the Senate Appropriations and Revenue Committee. It passed the House last month, 95-2.
Another piece of legislation Richards hopes is taken up by the Senate is HB 282, which puts the licensure of home medical equipment and service providers under the Kentucky Board of Pharmacy.
As the law stands now, some smaller local providers are being squeezed out of the market through the state’s new managed care system. Those providers are choosing to partner with national home care companies. Getting them registered under the Board of Pharmacy would make them eligible to offer services to managed care, Richards said.
“If it we don’t do something, it’s going to make it very difficult for these businesses to survive,” Richards said. “We can’t afford not to have managed care, but we needed to do something to help our small businesses.”
The legislation, co-sponsored by Stone and others, is in the Senate’s Licensing, Occupations and Administrative Regulations committee. It passed the House 93-3.
Richards said he is still waiting for HB 113, the Angel Investor bill, to come out of the House Appropriations and Revenue Committee. It has already had two readings on the House floor. That legislation would offer tax credits to people investing in small businesses.
— To follow legislation or see a legislative calendar, visit www.lrc.ky.gov.