Senators' Buford and Higdon.
Please try and get these leaders to accept proposal to collect 21 year old car and truck tax evasion/create opportunity to bring high paying trucking jobs to Kentucky. In the process this action has eliminated one-out-of-three Kentucky trucker taxes and eliminated $1 billion of state expenses while replacing state's general fund $1 billion deficit with a positive balance of $262 million!
COLLECT all Kentucky owned car and truck tax evasion which I estimate @200,000 violators with average usage tax liability of $2,000=$400 million & 200,000 violators with an average property tax liability of $200 dollars =$40 million. That's estimated $440 million due-and-owing usage and property taxes to apply against $1 billion deficit.
ELIMINATE truck weight distance tax to address job creating. This would be a "revenue neutral" tax strategy. First, combine weight-distance, motor fuels tax revenues with truck registration fees. Next fiscal year eliminate truck weight distance tax. Taxes have not been raised, yet weight-distance revenues are now included in total truck revenues without state general fund loosing those very revenues.
CUT $822 million from state expenses;
$300 million from state tax expenditures;
$400 million from corporate tax shelters;
$100 million from non-merit worker payroll'
$ 22 million from 09-10 PVA & Deputy PVA payroll;
To protect $262 general fund postive balance declare moratorium of any legislation containing any kind of tax exemption, credit, prefrential tax rate, deduction, exclusion or deferment for next entire biennium.
In the meantime, in next state budget address how state can alleviate further State's General Fund liabilites to local taxing jurisdictions by amending local KRS language to allow local taxing option; amend KRS H.B. 44 language to enhance maximum tax rate to 6%; amend state retirement statutes to combine Ky Retiree System, County Retiree System, State Police System and Teacher Retirement System into one retirement agency; amend homestead exemption/disability implementing legislation to replace "exemption" with "property tax circuit breaker" to eliminate automatic increasing every two years; amend farmland use act implementing legislation by re-establishing tax liability on party changing farmland use subjecting party to paying a deferred tax liability for causing such change; 2006 House Bill 698 (Clarify vehicle registration rules)...See below:
Introduced in House on February 27, 2006, to clarify vehicles that are required to be registered in Kentucky. The bill would provide that 25% of the penalty imposed under the section go to the law enforcement agency that issues the citation to the violator.
Referred to the House Transportation Committee on February 28, 2006.
Reported in the House on March 9, 2006, favorably, 1st reading, to Calendar.
Referred to the House Appropriations and Revenue Committee on March 16, 2006.
Amendment offered on March 16, 2006, to establish that the failure to properly register a vehicle shall subject the owner to all evaded property tax and applicable interest. The amendment would provide for assessment of a penalty by the Department of Revenue equal to the amount of tax evaded. The amendment would establish that any law enforcement agency issuing a citation which results in the payment of owed taxes receive 25% of penalty assessed or not less than $50.
Sincerely,
Bill Huff
319 Dixie Manor Court
Harrodsburg, Ky 40330-1923
859.734.2228
huff9983@roadrunner.com
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