1. (1) The department shall submit an annual report to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue on October 1, 2024, and October 1 of each year thereafter.

2. (2) The report required by subsection (1) of this section shall:

   1. (a) Summarize each tax law change enacted during: 1. The immediately preceding Regular Session of the General Assembly; or 2. Any Extraordinary Session of the General Assembly held since the last report was submitted;
   2. (b) Be organized by bill number, including any resolutions impacting the tax laws; and
   3. (c) Outline actions taken, or to be taken, by the department to implement each tax law change, including any: 1. Required modification to information technology systems and the estimated cost of that modification; 2. Development of new or modification to existing forms for submission 3. by taxpayers; Taxpayer education efforts deployed or to be deployed in response to the tax law changes; 4. Administrative regulations filed or to be filed; 5. 6. Shifting of personnel to perform the actions; and Suggestions to the Interim Joint Committee on Appropriations and Revenue for related statutory corrections or improvements.

Effective: April 10, 2024

History: Created 2024 Ky. Acts ch. 166, sec. 4, effective April 10, 2024.