republic-os/legislation/us/states/ky/2023rs/hb-5.md

---
type: "Bill"
title: "AN ACT relating to fiscal matters and declaring an emergency."
description: "Amend KRS 132.140 to allow an exemption of the property tax on distilled spirits stored or aging in barrels located in a bonded warehouse or premises; amend KRS 141.389 to allow the distilled spirits income tax credit only to taxable years beginning prior to January 1, 2024, but allow the accumulated credit to be claimed after that date; prohibit the Department of Revenue from considering any settlement agreement between the department and any taxpayer having distilled spirits in a bonded warehouse to be null and void; allow the agreement to be renegotiated; require the renegotiated agreement to be promulgated in an administrative regulation following the renegotiation process."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2023RS"
identifier: "HB 5"
citation: "Kentucky HB 5 (2023RS)"
classification: ["bill"]
subjects: ["Cities", "Consolidated Local Governments", "Counties", "Counties", "Urban", "Distilled Spirits", "Education", "Finance", "Firefighters and Fire Departments", "Taxation", "Taxation", "Income--Corporate", "Taxation", "Income--Individual"]
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 38
vote_count: 4
first_action: "2023-02-22T05:00:00+00:00"
last_action: "2023-03-31T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/ec93dd51-02dc-4472-931d-796e554595ad"
source_url: "https://apps.legislature.ky.gov/record/23RS/hb5.html"
source_hash: "3ab398dabaa9de110f1b057ee29e5fbfa6fea9b997d87123698bed9926b5d7fd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky HB 5 (2023RS) — AN ACT relating to fiscal matters and declaring an emergency.

Amend KRS 132.140 to allow an exemption of the property tax on distilled spirits stored or aging in barrels located in a bonded warehouse or premises; amend KRS 141.389 to allow the distilled spirits income tax credit only to taxable years beginning prior to January 1, 2024, but allow the accumulated credit to be claimed after that date; prohibit the Department of Revenue from considering any settlement agreement between the department and any taxpayer having distilled spirits in a bonded warehouse to be null and void; allow the agreement to be renegotiated; require the renegotiated agreement to be promulgated in an administrative regulation following the renegotiation process.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb5/orig_bill.pdf)
2. **Acts Chapter 148** (committee substitute) — [source](https://apps.legislature.ky.gov/law/acts/23RS/documents/0148.pdf)
3. **Current/Final** (committee substitute) — [source](https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb5/bill.pdf)

## Votes

- Pass — **pass** (pass) · lower
- Suspend the Rules — **pass** (pass) · lower
- Final Passage — **pass** (pass) · lower
- PASS HB 5 W/ scs1 scta1 — **pass** (pass) · lower

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-02-22T05:00:00+00:00** introduced in House `introduction`
- **2023-02-22T05:00:00+00:00** to Committee on Committees (H) `referral-committee`
- **2023-02-23T05:00:00+00:00** to Appropriations & Revenue (H) `referral-committee`
- **2023-03-03T05:00:00+00:00** taken from Appropriations & Revenue (H)
- **2023-03-03T05:00:00+00:00** 1st reading `reading-1`
- **2023-03-03T05:00:00+00:00** returned to Appropriations & Revenue (H)
- **2023-03-07T05:00:00+00:00** taken from Appropriations & Revenue (H)
- **2023-03-07T05:00:00+00:00** 2nd reading `reading-2`
- **2023-03-07T05:00:00+00:00** returned to Appropriations & Revenue (H)
- **2023-03-13T04:00:00+00:00** reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) `committee-passage`
- **2023-03-13T04:00:00+00:00** taken from Rules
- **2023-03-13T04:00:00+00:00** placed in the Orders of the Day
- **2023-03-13T04:00:00+00:00** floor amendment (1) filed to Committee Substitute `amendment-introduction`
- **2023-03-13T04:00:00+00:00** 3rd reading, passed 59-40 with Committee Substitute (1), Floor Amendment (1) and Committee Amendment (1-title) `passage, reading-3`
- **2023-03-14T04:00:00+00:00** received in Senate
- **2023-03-14T04:00:00+00:00** to Committee on Committees (S) `referral-committee`
- **2023-03-14T04:00:00+00:00** taken from Committee on Committees (S)
- **2023-03-14T04:00:00+00:00** 1st reading `reading-1`
- **2023-03-14T04:00:00+00:00** returned to Committee on Committees (S)
- **2023-03-14T04:00:00+00:00** to Appropriations & Revenue (S) `referral-committee`
- **2023-03-15T04:00:00+00:00** floor amendment (1) filed `amendment-introduction`
- **2023-03-15T04:00:00+00:00** taken from Appropriations & Revenue (S)
- **2023-03-15T04:00:00+00:00** 2nd reading `reading-2`
- **2023-03-15T04:00:00+00:00** returned to Appropriations & Revenue (S)
- **2023-03-30T04:00:00+00:00** reported favorably, to Rules with Committee Substitute (1) and Committee Amendment (1-title) `committee-passage`
- **2023-03-30T04:00:00+00:00** posted for passage in the Regular Orders of the Day for Thursday, March 30, 2023
- **2023-03-30T04:00:00+00:00** 3rd reading `reading-3`
- **2023-03-30T04:00:00+00:00** Floor Amendment (1) withdrawn
- **2023-03-30T04:00:00+00:00** passed 23-14 with Committee Substitute (1) and Committee Amendment (1-title) `passage`
- **2023-03-30T04:00:00+00:00** received in House
- **2023-03-30T04:00:00+00:00** to Rules (H) `referral-committee`
- **2023-03-30T04:00:00+00:00** posted for passage for concurrence in Senate Committee Substitute (1) and Committee Amendment (1-title)
- **2023-03-30T04:00:00+00:00** House concurred in Senate Committee Substitute (1) and Committee Amendment (1-title)
- **2023-03-30T04:00:00+00:00** passed 60-39 `passage`
- **2023-03-30T04:00:00+00:00** enrolled, signed by Speaker of the House `passage`
- **2023-03-30T04:00:00+00:00** enrolled, signed by President of the Senate `passage`
- **2023-03-30T04:00:00+00:00** delivered to Governor
- **2023-03-31T04:00:00+00:00** signed by Governor (Acts Ch. 148) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ec93dd51-02dc-4472-931d-796e554595ad`. Confidence: reported (aggregated from official Kentucky legislature records).